Podio
For organizations that choose an environment of collaboration and empowerment over command and control.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
$53.0m Valuation: $53.0m | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 1875 % | (35 %) | - | - | - | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 73 % | 72 % | - | - | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Podio operates as a web-based platform enabling organizations to create no-code solutions and structured, automated workflows. The company was established in Copenhagen, Denmark, in 2009, initially named Hoist, by Jon Froda, Anders Pollas, and Andreas Haugstrup Pedersen. Kasper Hulthin joined shortly after as a co-founder. The founders, including serial entrepreneurs like Hulthin and former musician Froda, shared a vision of redefining work by improving user experience and business models. They aimed to create a platform where work is not just discussed but actively performed.
The firm's primary offering is a highly flexible and customizable work management platform where teams can organize communication, data, and processes within integrated workspaces. Users can build their own applications using a drag-and-drop interface or select from a marketplace of pre-made apps to tailor the system for functions like project management, customer relationship management (CRM), and recruitment. This approach allows businesses to consolidate various tools into a single environment, centralizing content, conversations, and workflows. The platform is designed for small to medium-sized businesses and supports distributed teams with mobile apps for iOS and Android.
Podio's business model operates on a freemium basis. A basic version of the application is available for free, with tiered subscription plans (Plus and Premium) that offer advanced features, greater user management capabilities, and priority support. The company generated initial revenue by selling subscriptions during its development phase, a strategy that also provided crucial product feedback. This model targets a wide range of industries, with significant adoption in real estate, IT services, and nonprofit management. In April 2012, Citrix acquired Podio for approximately $43.6 million in cash plus stock, integrating it into its GoTo suite of products to enhance its cloud-based collaboration offerings.
Keywords: collaborative work platform, no-code solutions, workflow automation, project management software, customizable workspaces, team communication, business process management, CRM platform, task management, social collaboration, Citrix, app builder, freemium model, cloud-based platform, enterprise social software, work management, online collaboration, data management, business apps, SME solutions