LEHI, Utah —Forbes magazine has recognized customer communications platform Podium Corp. Inc. on its Next Billion-Dollar Startups list for 2018, which recognizes companies the Forbes' editorial team and TrueBridge Capital Partners believe have a shot at being valued at $1 billion or more in the near future.
Forbes and TrueBridge asked nearly 200 venture capital firms to nominate companies they thought were most likely to reach the milestone. Forbes narrowed down the field from more than 100 businesses to 25 by looking at revenue, funding and their most recent valuation.
This is the second honor accorded to Podium by Forbes. In September, Podium ranked 93rd on Forbes' Cloud 100 list, recognizing the world's most prolific cloud companies.
Podium has also been:
- Ranked No. 13 on the ?Inc. 5000 list ?of America's fastest growing companies for 2018;
- Named the 2018 ?Best SaaS Product for Small Business/SMBs? by The SaaS Awards; and
- Listed as one of ?Inc.'s Best Workplaces for 2018.
"The startup environment is incredibly demanding and competitive, and we've been proud of the passionate team and loyal customers we've accumulated in these first few years," said Eric Rea, CEO and co-founder of Podium. "As we have gone from working in a spare bedroom in an apartment to having local businesses connect with one in eight U.S. cell phone owners using Podium's platform, we have had a long list of humbling moments.
Earning a spot on this ranking is definitely one of those moments and we look forward to continued growth in years to come."
Podium was founded in 2014 and works with more than 25,000 businesses, creating more than 4 million customer interactions a month. It recently hit $50 million in annual recurring revenue, the company said, serving customers across a variety of markets including automotive, medical/dental, retail and home services.