Communication and payments platform Podium has raised $201 million in a Series D funding round led by YC Continuity, joined by Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners and Sorenson Capital. This latest round brings the company’s valuation to over $3 billion.
The additional funding will help Podium expand to offer its services to more small businesses. The platform is designed to help companies collect payments, manage communications with consumers and create more personalized marketing campaigns.
“We see this as a watershed moment for local businesses all over the world, especially as the world opens up again and local businesses are tasked with meeting the changing preferences of consumers who have welcomed digital-first interactions through the pandemic,” said Eric Rea, Co-Founder and CEO of Podium in a statement. “Our goal is to help communities get back on their feet and to help local businesses participate in a meaningful way in the digital evolution happening at the local level.”