Y Combinator led the $201m Series D round in Podium.

Y Combinator, an American technology startup accelerator, led the $201m Series D round in Podium, a communication and payments platform for local businesses. Other investors in the round included Durable Capital Partners, Arpex Capital, Accel, Album VC, IVP, Sapphire Ventures, Summit Partners, and Sorenson. This round brought company's valuation to $3bn. "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. 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," Eric Rea, Podium Co-Founder and CEO.