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Podium Targets $20M Funding, As It Pushes Past 115 Employees

Lehi, Utah-based Podium, a startup which develops software which helps business manage online reviews, is aiming at raising $20M to $25M in a new funding round, according to reports today. The company recently said it has grown from 15 to 115 full time employees in the last twelve months, and has seen 600 percent in year-over-year recurring revenue growth, to more than $12M in sales in 2016. The company has apparently tapped investment banking firm Houlihan Lokey to help it in the effort, which values the company at $100M pre-money. Eric Rea is Co-Founder and CEO at Podium.


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