Podium Revenue, Valuation, Funding & Investors
Podium is valued at $3B as of November 2021, a 30.0x multiple on its last reported $100M revenue.
Last Podium valuation
$3B
Series D · Nov 2021
Last Podium funding round
$201M
Series D · Nov 2021
Podium revenue
$100M
Series D · Nov 2021
Key investors in Podium
Accel
Summit Partners
Album VC
Y Combinator
GV
IVP
About Podium
Podium is a Lehi-headquartered provider of communication software for local businesses. The platform manages customer interactions through messaging, review requests, payments, and webchat integrated across Google, Facebook, and SMS channels. Launched in 2014, it supports over 100,000 locations in North America, helping service providers like dentists and home contractors convert leads into sales via automated workflows and analytics.
Founded
2014
HQ
Salt Lake City, UTWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (Nov 2021)
Valuation
$3B (Nov 2021)
Podium Valuation
Podium is currently valued at $3B, based on its Series D in November 2021.
The $201M round was led by Y Combinator Continuity Fund, with participation from IVP, ArpexCapital, Durable Capital Partners, Sorenson Capital, Album VC and 3 other investors.
Podium's valuation has grown 30x from $100M at its Series A in May 2017 to $3B in November 2021, across 3 priced rounds.
Podium valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2021 | Series D | $3B | 30.0x |
| Apr 2020 | Series C | $1.5B | 15.0x |
| May 2017 | Series A | $100M | 8.3x |
Podium Revenue
Podium's latest recorded revenue is $100M, as of its Series D in November 2021. At a $3B valuation, that implies a 30.0x revenue multiple.
Revenue grew from $12M in May 2017 to $100M in November 2021, while the revenue multiple moved from 8.3x to 30.0x.
Podium revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2021 | $100M | $3B | 30.0x | Series D |
| Apr 2020 | $100M | $1.5B | 15.0x | Series C |
| May 2017 | $12M | $100M | 8.3x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Podium Funding History
Podium has raised a total of $423M across 7 funding rounds.
Podium's first fundraising round was a $500K seed round in June 2014. The most recent completed round was a $201M Series D in November 2021.
Podium funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Series D | Y Combinator Continuity Fund (lead); IVP; ArpexCapital; Durable Capital Partners; Sorenson Capital; Album VC; Sapphire Ventures; Summit Partners; Accel | $201M | $3B | Podium is a customer communication and payments platform for small and medium-sized businesses (SMBs), offering products including messaging, payments, communications management, and marketing tools. Founded in 2014 and based in Lehi, Utah, the company serves over 100,000 local businesses across the U.S., Canada, and Australia with customers including La-Z-Boy Inc., Trane Technologies plc, and Ken Garff Auto Group Inc. In November 2021, Podium announced a $201 million Series D funding round led by YC Continuity, with participation from Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, and Sorenson Capital. The Series D valued the company at $3 billion post-money, doubling its previous $1.5 billion valuation from April 2020 when it raised $125 million in Series C. With the new capital, Podium has raised $419.1 million cumulatively to date. At the time of the Series D, Podium CEO Eric Rea stated the company had 'well over $100 million in annual recurring revenue,' though the company declined to provide a more specific figure. The company had reached the $50 million ARR milestone during its November 2018 Series B and crossed $100 million ARR toward the end of 2019. The Series D funding supported expansion into new geographies, deepening of its payments infrastructure including card readers and SMS payment products, and broader investments in communications and marketing technology. By 2021, Podium was on pace to process $1 billion in payment transactions annually for local businesses, and the company had recently appointed former Shopify executive Loren Padelford as COO. |
| Apr 2020 | Series C | Y Combinator Continuity Fund (lead); Recruit Corporation; IVP; GV; Album VC; Sapphire Ventures; Summit Partners; Accel; Alkeon Capital | $125M | $1.5B | Podium is a cloud-based communication and payments platform founded in 2014 and headquartered in Lehi, Utah, serving local and small-to-medium businesses across the United States, Canada, and Australia. The platform helps businesses manage customer reviews, collect feedback, handle unified messaging, and process payments while enabling personalized marketing campaigns. In April 2020, Podium closed a $125 million Series C funding round led by Y Combinator's Continuity fund, with participation from Sapphire Ventures, Alkeon Capital, and Recruit Co. Ltd., along with prior investors IVP, GV, Summit, and Accel. The round valued the company at approximately $1.5 billion, bringing total capital raised to just under $218 million at that time. Podium had achieved $100 million in annual recurring revenue (ARR) by the end of 2019, representing strong product-market fit in the messaging and payments space. The company was trading at less than a 15x revenue multiple, according to investors. This funding enabled Podium to expand its messaging tools, strengthen third-party integrations, and scale its review and communication features during a period when many local businesses sought digital solutions to reduce face-to-face interactions during the COVID-19 pandemic. |
| Jun 2018 | Series B | IVP (lead); Y Combinator; GV; Summit Partners; Accel | $60M | - | Podium is a SaaS platform providing customer communication tools for local businesses, including messaging, reviews management, and later payments processing, targeting SMBs in retail, healthcare, automotive, and home services. The company, founded in 2014 and based in Lehi, Utah, raised a $60 million Series B round in June 2018 led by IVP, with participation from Accel, GV, Summit Partners, and Y Combinator. This followed a $32 million Series A in May 2017, bringing total funding to nearly $93 million at that point. At the time of the Series B, Podium had surpassed $50 million in ARR, up from $12 million at Series A and $30 million by end-2017, with expectations to hit $60 million by year-end 2018 and $100 million in 2019. The company demonstrated exceptional growth, ranking No. 13 on the 2018 Inc. 5000 list with 13,645% three-year revenue growth, serving over 20,000 businesses and generating 4 million customer interactions monthly. It maintained capital efficiency, burning about $16 million through its early years. Podium was recognized on Forbes's Next Billion-Dollar Startups 2018 list with estimated annual revenue around $60 million. The platform's pricing includes tiers like Essentials at $289/month, Standard at $449/month, and Professional at $649/month. Later developments included a $201 million Series D in November 2021 at $3 billion valuation, reaching $389 million revenue in 2023. |
| Jun 2017 | Seed | Album VC (lead) | $500K | - | - |
| May 2017 | Series A | Accel (lead); Y Combinator; GV; Summit Partners | $32M | $100M | Podium is a software platform that helps local businesses manage online reviews, feedback, leads, and customer communications to drive offline sales, starting with SMBs and expanding to mid-market and enterprise customers. Launched in late 2014 after Y Combinator, it achieved explosive early growth, reaching over 80,000 users and 175 employees by mid-2017. The $32 million Series A in May 2017 was led by Accel with participation from GV, Summit Partners, and Y Combinator, following two $4 million seed rounds that drove over 600% year-over-year recurring revenue growth to over $12 million ARR by end of 2016. The round came at a $100 million post-money valuation as stated by the company on its Y Combinator page. This high ARR for a Series A round justified the large check size and attracted top investors impressed by the efficient growth in the underserved local business market. The company reported low churn around 1% gross monthly and negative net churn, with average revenue per customer at about $400 monthly across 2,500 customers and 6,500 locations pre-Series A. Post-Series A, Podium scaled rapidly to $30 million ARR by end of 2017, $50 million by its $60 million Series B in late 2018, and $100 million by end of 2019, with the Series C in 2020 valuing it at $1.5 billion. Funds from the Series A launched a new interaction platform expanding beyond reviews to full customer journey tools including messaging and payments. |
| Mar 2016 | Seed | Y Combinator; Element Ventures | $4M | - | Podium is a SaaS platform providing messaging tools for small and medium-sized businesses, founded in 2014 and headquartered in Lehi, Utah. The company participated in Y Combinator's Winter 2016 batch. During the batch, Podium grew from $1M to $3.5M ARR through its SMB reviews product. Investor interest surged at demo day due to explosive revenue growth, but the team had sufficient capital and delayed raising. Podium raised its Series A in early 2017 at a $100M valuation from demo day investors. |
| Jun 2014 | Seed | Album VC (lead) | $500K | - | - |
Who has invested in Podium?
14 investors have backed Podium across its funding rounds, including Accel, Summit Partners, Album VC, Y Combinator, GV and IVP.
Lead investors include Y Combinator Continuity Fund, IVP, Album VC and Accel.
Podium Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Salt Lake City, UT | 4 | Lead | Jun 2014 | |
| Boston, MA | 4 | Participant | May 2017 | |
| Palo Alto, CA | 4 | Lead | May 2017 | |
| San Francisco, CA | 3 | Lead | Jun 2018 | |
| San Francisco, CA | 3 | Participant | Mar 2016 | |
| San Francisco, CA | 3 | Participant | May 2017 | |
| Austin, TX | 2 | Participant | Apr 2020 | |
| San Francisco, CA | 2 | Lead | Apr 2020 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Recruit Corporation |  Tokyo | 1 | Participant | Apr 2020 |
 São Paulo | 1 | Participant | Nov 2021 | |
| Provo, UT | 1 | Participant | Mar 2016 | |
| Washington, DC | 1 | Participant | Nov 2021 | |
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Start Free TrialPodium Competitors
Podium competitors include listed companies like AvePoint and Intapp, and private ones like Mural, Intercom, Teamworks and MOV.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $125M | - | $2B | 16.0x | |
| San Francisco, CA | Private | $400M | - | $1.3B | 3.2x | |
| Durham, NC | Private | - | - | $1.2B | - | |
| Tokyo | Private | - | - | $3B | - | |
| United States | Publicly listed | $419M | $42M | $2.9B | 5.1x | |
| United States | Publicly listed | $578M | ($16M) | $2.8B | 4.5x |
Podium Public Comps
Podium is still privately-owned, but its public comps include AvePoint, Intapp, SoundHound, Sinch, Five9, Asana, Calix, Monday.com, Lumine Group and Weaver Network.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $419M | $42M | 5.9x | 5.1x | 58.4x | 27.4x | |||
| $578M | ($16M) | 4.6x | 4.5x | (164.3x) | 20.9x | |||
| $169M | $19M | 14.6x | 11.3x | 132.5x | (35.5x) | |||
| $2.8B | $313M | 1.5x | 1.4x | 13.2x | 11.1x | |||
| $1.1B | $91M | 2.4x | 2.2x | 30.1x | 9.1x | |||
| $791M | ($175M) | 2.8x | 2.7x | (12.8x) | 22.8x | |||
| $1B | $38M | 2.0x | 1.8x | 52.9x | 13.6x | |||
| $1.2B | $8M | 2.4x | 2.1x | 368.8x | 13.3x | |||
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Common questions about Podium
| When was Podium founded? | Podium was founded in 2014. |
| Where is Podium headquartered? | Podium is headquartered in Salt Lake City, UT, United States. |
| Is Podium publicly listed? | No, Podium is a private, VC-backed company. |
| What is Podium's valuation? | Podium was last valued at $3B in its Series D in November 2021. |
| How much funding has Podium raised? | Podium has raised $423M across 7 funding rounds. |
| What was Podium's last funding round? | Podium's last funding round was a $201M Series D in November 2021, led by Y Combinator Continuity Fund. |
| Who are Podium's investors? | Podium's investors include Album VC, Summit Partners, Accel, IVP, Y Combinator, GV, Sapphire Ventures, Y Combinator Continuity Fund, Recruit Corporation, ArpexCapital and 4 others. |
| What is Podium's revenue? | Podium's latest recorded revenue is $100M (November 2021). |
| What is Podium's revenue multiple? | Podium's latest valuation implies a 30.0x revenue multiple ($3B valuation on $100M of revenue). |
| Which companies are comparable to Podium? | Companies comparable to Podium include Mural, Intercom, Teamworks, MOV, AvePoint and Intapp. |
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