About Podium
Podium is a company based in Lehi (United States) founded in 2014 by Eric Rea and Dennis Steele. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Podium has raised $440.35 million across 8 funding rounds from investors including Accel, Alkeon Capital Management and Durable Capital Partners. Podium offers products and services including AI Employee, Inbox, Payments, and Reviews Management. Podium operates in a competitive market with competitors including Twilio, Dialpad, Zenvia, Front and Sinch, among others.
- Headquarter Lehi, United States
- Founders Eric Rea, Dennis Steele
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Podium Corp Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$440.35 M (USD)
in 8 rounds
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Latest Funding Round
$201 M (USD), Series D
Nov 15, 2021
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Investors
Accel
& 12 more
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Employee Count
Employee Count
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Products & Services of Podium
Podium offers a comprehensive portfolio of products and services, including AI Employee, Inbox, Payments, and Reviews Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool is used for lead conversion automation.
Platform is utilized for consolidating all customer messages.
Solution is provided for faster payment processing via text.
Tool is designed to manage and request customer reviews.
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Leadership Team
70 people
Software Development Team
53 people
Sales and Marketing
43 people
Senior Team
14 people
Operations Team
11 people
Account Team
8 people
Finance and Accounting
7 people
Data Analysis and Operations Team
7 people
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Funding Insights of Podium
Podium has successfully raised a total of $440.35M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $201 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $201.0M
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First Round
First Round
(28 Jul 2014)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series D - Podium | Valuation | Durable Capital Partners , Album VC | |
| Apr, 2020 | Amount | Series C - Podium | Valuation | Y Combinator | |
| Jun, 2018 | Amount | Series B - Podium | Valuation | IVP |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Podium
Podium has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Alkeon Capital Management and Durable Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage tech startups by Album VC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Podium
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Podium
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Podium Comparisons
Competitors of Podium
Podium operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Twilio, Dialpad, Zenvia, Front and Sinch, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based omnichannel communication and customer engagement platform is utilized.
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| domain | founded_year | HQ Location |
Cloud-based unified communication solutions including voice and video are provided.
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| domain | founded_year | HQ Location |
Text and voice messages are delivered through an online platform.
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| domain | founded_year | HQ Location |
Front is recognized as a customer service software provider.
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| domain | founded_year | HQ Location |
Provider of customer communications management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Podium
Frequently Asked Questions about Podium
When was Podium founded?
Podium was founded in 2014.
Where is Podium located?
Podium is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Who is the current CEO of Podium?
Eric Rea is the current CEO of Podium. They have also founded this company.
Is Podium a funded company?
Podium is a funded company, having raised a total of $440.35M across 8 funding rounds to date. The company's 1st funding round was a Series B of $60M, raised on Jul 28, 2014.
What does Podium do?
Podium is established as a leading AI lead generation and management platform. It is focused on industries such as automotive, home services, retail, and health wellness. Solutions are provided for capturing leads, converting them through rapid responses, and driving repeat business with automated follow-ups. AI tools are utilized to enhance customer engagement, manage communications, and improve online reputation through review management. Services are tailored to specific sectors with specialized AI roles like AI BDC for automotive and AI Patient Coordinator for wellness.
What products or services does Podium offer?
Podium offers AI Employee, Inbox, Payments, and Reviews Management.
Who are Podium's investors?
Podium has 13 investors. Key investors include Accel, Alkeon Capital Management, Durable Capital Partners, Arpex capital, and Album VC.
What is Podium's valuation?
The valuation of Podium is $3B as of Nov 2021.