Podium (company) explained

Podium
Type:Private
Key People:Eric Rea, Co-Founder, Dennis Steele, Co-Founder
Industry:Software
Products:Online Reputation Management, Customer interaction management, Customer Relationship Management, Contactless Payments
Foundation:2014
Location:Lehi, Utah, United States
Homepage:https://www.podium.com
Num Employees:1,300
Revenue: $100 Million(2019)[1]

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]

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]

External links

Notes and References

  1. Web site: 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. Web site: Podium: An interaction and payments platform for local businesses.. 2022-10-05. Y Combinator. en.
  3. Web site: Podium helps businesses improve online reviews with a simple text : Silicon Slopes. siliconslopes.com. 2016-05-06.
  4. Web site: Podium, Inc.: Private Company Information - Businessweek. www.bloomberg.com. 2016-05-06.
  5. Web site: Raymond. Art. Jul 2, 2017. Utah's Podium set to spend $10 million on new digs, add 400 jobs.
  6. Web site: Podium rolls out payments for its customer-focused local-business SaaS service. TechCrunch. en-US. 2020-03-03.
  7. Web site: 2021-11-15. Utah's Podium scores $201M in new funding as valuation tops $3 billion. 2022-09-06. Deseret News. en.
  8. Web site: Wilhelm. Alex. 2021-11-15. Utah's Podium raises pre-IPO round, boosting its valuation to $3 billion. 2022-09-12. TechCrunch. en-US.
  9. Web site: Podium Review 2022 - Best Text Message Marketing Services - businessnewsdaily.com. 2022-09-12. Business News Daily. en.
  10. Web site: Podium Review 2022 - Best Text Message Marketing Services. 2022-09-12. business.com. en.

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