Qarrot Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Private

  • Employees
  • 8

Employees

  • Latest Deal Type
  • 2ndary - Private

  • Investors
  • 1

Qarrot General Information

Description

Developer of an employee recognition software designed to improve culture and employee engagement in the workplace. The company's software assists in launching an employee recognition program complete with manager-to-employee recognition, peer-to-peer recognition, goal-based awards, milestone awards for work anniversaries and birthdays, gamification features, and a global rewards catalogue, enabling businesses to drive proper performance and engagement.

Contact Information

Website
www.qarrot.com
Formerly Known As
Friendefi
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 279 Sherbrooke Street West
  • Unit 401
  • Montreal, Quebec H2X 1Y2
  • Canada
+1 (514)
Primary Industry
Business/Productivity Software
Other Industries
Human Capital Services
Vertical(s)
HR Tech, SaaS
Corporate Office
  • 279 Sherbrooke Street West
  • Unit 401
  • Montreal, Quebec H2X 1Y2
  • Canada
+1 (514)

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Qarrot Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Secondary Transaction - Private Completed Generating Revenue
3. Later Stage VC 08-Apr-2022 Completed Generating Revenue
2. Seed Round 30-Nov-2018 $212K $312K Completed Generating Revenue
1. Capitalization 01-Sep-2012 $100K $100K Completed Startup
To view Qarrot’s complete valuation and funding history, request access »

VC Exit Predictor

See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Request a free trial

Qarrot Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an employee recognition software designed to improve culture and employee engagement in the workplace. The
Business/Productivity Software
Montreal, Canada
8 As of 2026

Boulder, CO
 

Calgary, Canada
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Qarrot Competitors (4)

One of Qarrot’s 4 competitors is Bonusly, a Venture Capital-Backed company based in Boulder, CO.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Bonusly Venture Capital-Backed Boulder, CO
Kudos Venture Capital-Backed Calgary, Canada
Motivosity Corporation Orem, UT
Engagedly Private Equity-Backed Maplewood, MO
To view Qarrot’s complete competitors history, request access »

Qarrot Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Qarrot Investors (1)

Investor Name Investor Type Holding Investor Since Participating Rounds
Vantage Circle Corporation Minority
To view Qarrot’s complete investors history, request access »

Ready to get started?

Request a free trial

Qarrot FAQs

  • When was Qarrot founded?

    Qarrot was founded in 2012.

  • Where is Qarrot headquartered?

    Qarrot is headquartered in Montreal, Canada.

  • What is the size of Qarrot?

    Qarrot has 8 total employees.

  • What industry is Qarrot in?

    Qarrot’s primary industry is Business/Productivity Software.

  • Is Qarrot a private or public company?

    Qarrot is a Private company.

  • What is Qarrot’s current revenue?

    The current revenue for Qarrot is .

  • How much funding has Qarrot raised over time?

    Qarrot has raised $510K.

  • Who are Qarrot’s investors?

    Vantage Circle has invested in Qarrot.

  • Who are Qarrot’s competitors?

    Bonusly, Kudos, Motivosity, and Engagedly are competitors of Qarrot.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process