Utah-based Podium rakes $125M in Funding among COVID-19 Pandemic, Sees A $1.5B valuation!

: April 08, 2020

Utah-based Podium rakes $125M in a Series C Funding round, among COVID-19 Pandemic, Sees a $1.5B valuation!

 

 

Lehi, Utah:

 

 

Podium is a leading customer messaging platform that enables companies with a local presence to conveniently connect with their customers at critical touchpoints to help them strengthen their business.

 

It has raised $125M in a new round of funding. The Series C round was led by Y Combinator’s Continuity fund, with participation from Sapphire Ventures and Alkeon, and Recruit Co. Ltd. Prior investors IVP, GV, Summit, and Accel also took part in the funding event. This new round values Podium at around $1.5 billion post-money.

 

Podium’s Interaction Management platform uses messaging to make it convenient to interact with your leads, customers, and teams along every customer touchpoint. Podium's platform now supports customer messaging, mobile payments, webchat, online reviews, and customer feedback using messaging channels that customers actually use and trust.

 

Podium platform has been used by half of all smartphone owners in the United States to interact with a local business. Podium now has 45,000 businesses across the United States, Canada and Australia utilizing the platform, ranging from single-location SMB's to large enterprise companies with thousands of physical locations.

 

The latest round bringd Podium's total funding to more than $215 million. Podium was selected to participate in the Winter 2016 class of Y Combinator. The company presented on the second demo day for the Winter 2016 batch on March 23, 2016. 

 

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