Podium (company)

Last updated
Podium
Company type Private
Industry Software
Founded2014
Headquarters Lehi, Utah, United States
Key people
Eric Rea, Co-Founder, Dennis Steele, Co-Founder
Products Online Reputation Management, Customer interaction management, Customer Relationship Management, Contactless Payments
RevenueIncrease2.svg $100 Million(2019) [1]
Number of employees
1,300
Website https://www.podium.com

Podium is a private technology company headquartered in Lehi, Utah that develops cloud-based software related to messaging, customer feedback, online reviews, selling products, and requesting payments. [2]

Contents

History

Podium was founded in 2014 by Eric Rea and Dennis Steele, who developed a tool to help small businesses "build their online reputation" through online reviews. [3] Podium was initially known as RepDrive [4] before rebranding as Podium in 2015. In 2015, Podium moved from a spare bedroom to a new location above a Provo bike shop. [5] In March 2020, Podium added payments technology to its product suite. [6] In November 2021, Podium raised $201 million in Series D funding and was valued at $3 billion. [7] [8]

Product

Podium is a software-as-a-service platform designed to improve business online reputation. [9] It helps users manage business interactions in one tool. Users can communicate reviews, texts, chats, and post payment directly within the app. [10]

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References

  1. "When These Entrepreneurs First Pitched Podium, A VC Analyst Walked Out on Them. Now, Their Company Does over $100 Million in Annual Revenue". Forbes .
  2. "Podium: An interaction and payments platform for local businesses". Y Combinator. Retrieved 2022-10-05.
  3. "Podium helps businesses improve online reviews with a simple text : Silicon Slopes". siliconslopes.com. Retrieved 2016-05-06.
  4. "Podium, Inc.: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-05-06.
  5. Raymond, Art (Jul 2, 2017). "Utah's Podium set to spend $10 million on new digs, add 400 jobs".
  6. "Podium rolls out payments for its customer-focused local-business SaaS service". TechCrunch. Retrieved 2020-03-03.
  7. "Utah's Podium scores $201M in new funding as valuation tops $3 billion". Deseret News. 2021-11-15. Retrieved 2022-09-06.
  8. Wilhelm, Alex (2021-11-15). "Utah's Podium raises pre-IPO round, boosting its valuation to $3 billion". TechCrunch. Retrieved 2022-09-12.
  9. "Podium Review 2022 - Best Text Message Marketing Services - businessnewsdaily.com". Business News Daily. Retrieved 2022-09-12.
  10. "Podium Review 2022 - Best Text Message Marketing Services". business.com. Retrieved 2022-09-12.