Podium Raises $60M in Series B Growth Funding Round

Podium, a Lehi, Utah-based customer communication platform for local businesses, raised a $60m Series B growth round of funding.

The round was led by Institutional Venture Partners with participation from Accel, Summit Partners, GV (formerly Google Ventures), and Y Combinator.

The company intends to use the funds to add another 100 employees by the end of the year, further develop existing and future products as well as expand into more international markets.

Launched in 2014 by Eric Rea, co-founder and CEO, Podium provides a communication platform facilitating convenient interactions for any company that interacts with its customers through a physical location. The company’s platform now supports customer messaging, reviews, webchat and customer feedback using channels that customers actually use.
In less than four years, the platform has been adopted by nearly 20,000 businesses that drive over 4 million customer interactions per month.

Podium has more than 300 employees.




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