Utah’s Consumer Relations and Payments Forum hit another benchmark on Monday, announcing a new $ 201 million funding and market capitalization in the North for $ 3 billion.
Eric Ria, founder and CEO of Podium, said his company is well on its way to expand its customer base, which now has more than 100,000 customers, as consumer transactions and communications are increasingly hosted on digital devices.
“We see this as a watershed moment for domestic businesses around the world, especially as the world reopens and domestic businesses are responsible for meeting the consumer preferences of digital-first contacts through the epidemic,” he said. Press release. “Our goal is to help communities get back on their feet and enable local businesses to participate in a meaningful way of digital evolution at the local level.”
Podium’s latest funding, Series D Round, will continue to be run by YC with Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners and Sorenson Capital.
Ali Rogany, Managing Director of YC Continuity, said that Podium excels in finding and serving the small and medium-sized business unit that has long been missed by most technology companies.
Rowani said in a statement: “Podium brings global marketing and payment tools to small and medium enterprises that control our economy and hire the lion’s share. “These businesses have traditionally been neglected by technology companies.
The company Launched in 2014 as a tool to reconcile online customer reviews for brick-and-mortar businesses, it has since grown into a multidisciplinary collection that includes customer messaging, mobile payments, webcast, online reviews and customer feedback. Use and trust, according to Podium.
2017 Deseret News Profile, Raya’s idea of starting a company focused on providing advanced digital communication tools to small businesses was born out of a conversation he had with his father, who was a small business owner at the time.
“My father had some gas stations and a tire shop in Calgary,” she said. “When all this discovery, reviews and comments come online, he doesn’t know how to handle it.
“It showed me how much the average domestic trade is not in line with technology.”
It took a few years for the seed to germinate, with Ria graduating with a degree in Information Systems from BYU, and then working as a programmer for the International Atomic Energy Agency in Austria. But he was not satisfied with his work in Vienna.
“It didn’t take me long to realize that working for one of the biggest bureaucracies in the world is not for me,” says Ria.
In that profile section, Album VC Sid Kromnehock, co-founder and general partner of the company, said Podium’s continued success was not surprising.
“Eric and Dennis have made their hearts and souls in everything they do,” said Chromenhock, a board member of the podium. “As an entrepreneur myself, you build a business and raise it, you don’t know exactly how things are going, and there is some stability, but the foundation of the podium is a big product and a lot of work.”
Krommenhoek says that the success of podium is more than just productive production.
“These people have a turmoil that goes beyond everything they do,” Krommenhoek said. “From building their products to selling their products to getting closer to their customers.”
Podium Launched in 2014 in a small office above the Provo Bicycle Shop, the company has invested in two new office buildings in Lehi, employing more than 1,000 people, and Inc. 5000 Rapid Growth has become a regular feature on the US list. Companies.
Last year, after the announcement of a $ 125 million series C grantPodium claims to have mediated business relationships on behalf of more than half of all American mobile phone users.
The company has so far attracted about $ 420 million in venture investment, according to business information site Crchbez.