Funding round
Podium Series D
Podium, which works in AI-Powered lead generation solutions in Lehi, raised $201M in a Series D round announced on 15 Nov 2021, led by YC Continuity, at a $3.00B post-money valuation. 9 firms took part. It is Podium's fourth venture round on record; the one before was a Series C in Apr 2020.
$201M
Amount raised
$3.00B
Post-money valuation
$2.80B pre-money
9
Investors
1 lead
2.0x
Step-up from the Series C
$1.50B in Apr 2020
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Podium at $3.00B after the new money, 2.0 times the $1.50B of its Series C (Apr 2020). The $201M bought investors about 6.7% of the company. It came 19 months after Podium's Series C. It is 48% of the $418M Podium has raised in the venture rounds on record. No later venture round is on record for Podium.
Podium's funding rounds
Podium has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
YC Continuity led the round with 8 other firms.
Lead investor
- YC Continuity new investor
Also in the round
- Durable Capital Partners backs 39 venture-backed companies new investor
- Arpex Capital new investor
- Accel backs 581 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- backs 96 venture-backed companies new investor
- backs 50 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
233 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Nov 2021 | $1.30B | $8.30B | Sutter Hill Ventures and Altimeter |
| Tech Companies | 22 Nov 2021 | $300M | $9.00B | Coatue |
| Tech Companies | 2 Nov 2021 | $202M | $2.00B | TPG |
| Applied Intuition Tech Companies | 11 Nov 2021 | $175M | $3.60B | Addition and Coatue |
| Tech Companies | 3 Nov 2021 | $150M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 9 Nov 2021 | $120M | not disclosed | Left Lane Capital |
| Tech Companies | 17 Nov 2021 | $75M | not disclosed | Andreessen Horowitz |
| Tech Companies | 18 Nov 2021 | $65M | not disclosed | Tiger Global |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Podium raise in its Series D round?
Podium raised $201M in its Series D round, announced in Nov 2021.
Who led Podium's Series D round?
YC Continuity led it, with Durable Capital Partners, Arpex Capital, Accel, Album VC and Institutional Venture Partners and 3 more.
What was Podium's valuation at the Series D round?
$3.00B post-money ($2.80B pre-money).
How does it compare with other Series D rounds in Tech Companies?
233 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median.