A Utah company that creates and houses web platforms for small businesses has raised $60 million, much of it from a major venture capital firm, to expand its offerings and hire about 100 new employees.
Podium, based in Lehi, announced Thursday that it has raised $60 million in a Series B growth round of funding. The round was led by IVP, a prominent Silicon Valley venture capital firm. Other investment companies participating are Accel, Summit Partners, GV (formerly Google Ventures) and Y Combinator.
Podium plans to use the new funding to double its engineering staff, adding 100 employees by the end of the year, bringing its total workforce to around 400.