Podio, the connected work platform, secures $4m in Series A round

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Podio, which describes itself as a connected work platform, has secured $4m in Series A funding. Sunstone Capital led the round and the investment is said be used to further develop Podio’s product and to hire “key employees”.

A sort of collaborative social network for the Enterprise or ‘Facebook for the workplace’, Podio operates in the so-called Enterprise 2.0 space providing tools such as messaging, calendars, tasks, and contact management. However, it doesn’t stop there. Podio also gives users the ability to build their own ‘apps’ without any technical knowledge. Over 2,000 apps have already been built by users, which include CRM systems, meeting planners, process facilitation, recruiting, contract drafting and employee feedback. Naturally, there’s an accompanying app store too.

Podio’s founder and CEO is also noteworthy. The Copenhagen, Demark-based startup is founded by Tommy Ahlers who sold his ‘social phonebook’ ZYB to Vodafone in 2008 for €31 million. Ahlers says that 6,000 organizations are already using Podio, which is currently operating as an invite-only Beta, although users can apply for an invite.

Obviously, Podio is operating in a crowded space, from the likes of BaseCamp, Yammer to Trampoline Systems and Huddle, along with something more traditional like Microsoft Sharepoint. Podio’s pitch, of course, is that it’s the only such service to let users “create their own tools and work environment”. And now with significant money in the bank, the startup has the runway to see if that vision will really take off.

  • Anonymous

    Tillykke til Podio!

  • http://trendoloji.com/?p=1168 Podio, Bağlı İş Platformu, Seri A Yuvarlak $ 4M Korur

    […] Read the rest of this entry » […]

  • http://topsy.com/eu.techcrunch.com/2011/02/10/podio-the-connected-work-platform-secures-4m-in-series-a-round/?utm_source=pingback&utm_campaign=L2 Tweets that mention Podio, the connected work platform, secures $4m in Series A round -- Topsy.com

    […] This post was mentioned on Twitter by Mark Jensen, Niklas Stephenson, Casper Fabricius, Anders Pollas, SIGNALDIGITAL.DK and others. SIGNALDIGITAL.DK said: Podio får kapitaltilførsel på 4 millioner dollars. http://cot.ag/esnuCi #podio /via @marks […]

  • http://twitter.com/_jacksmith Jack Smith

    Podio is a fantastic platform, well done on the funding @pollas @froda @hulthin @aahlers

  • http://www.adzuna.co.uk Andrew Hunter

    I’ve been lucky enough to get on the beta user list for Podio and I really, really like the product. Best of luck to the team.

  • http://www.facebook.com/profile.php?id=562766041 Gunnar Langemark

    I spend some time with Pollas and Froda in the very first days of this adventure when this was all dreams and ambition – and I think this is such a thrill. Congrats to all of you. You really really deserve your succes!
    :)

  • BlindDog

    Congrats to the team @Podio, Tommy is a very nice chap and he knows what he’s doing.
    http://www.Zoho.com should also been mentioned as competitor.

    Now, a quick consideration regarding getting funded: start ups need money to implement the strategy and VC’ money are important BUT VC should also be considered business partners that brings a know how in a set industry.

    The weakest point of the Podio-Sunstone deal is that Sunstone doesn’t have a clue about the internet industry, hence Sunstone won’t help on anything, they just don’t have the right people.
    Sorry but this is the ugly truth.

    Implementing a strategy isn’t easy, it can happen that you have to fine tune it and then the quiet and incompetent VC will come into the picture and will start messing around wandering like a dog lost in the forest.

    Would you partner with somebody that doesn’t fit?
    Would you ask a blind to help you driving your car?

    Good luck to Podio, I really wish the best to them!

    • http://twitter.com/JesperBergmann Jesper Bergmann

      I think the Sunstone partner involved with the investment is Nikolaj Nyholm, who is incredibly well regarded and has founded and sold internet startups before.

      So although I agree with your assertions about various VCs in Denmark (and Europe in general) I don’t think this should be a concern for Podio.

      Wouldn’t you want this guy as your VC? http://www.sunstonecapital.com/?#/people/technology/nikolaj-nyholm

    • SeeingEyeDog

      @BlindDog, Money is still money and when you have a management team and specially a CEO who has done it before, the need for “experienced VC” decreases. Most VC attract the best companies by building an illusion that by being with them, they will help you be successful, which is the same in Music Management. Believe me it was not U2 manager that made them the most successful band in the past 30 years…. Podio will make it based on their work and results, not based on Sunstone, and I know Sunstone, and they won’t “get in the way”.

    • http://twitter.com/nikolaj Nikolaj Nyholm

      @blinddog, with a reputation like that i guess we can *only* surprise in a positive way. definitely a tactic i’ll take upon myself in the future. ;)

      /n

  • http://www.facebook.com/mortenlundxy Morten Lund

    Congrats to everyone Thomas, Tommy, Nikolai – this is So Danish in the cool way – fingers crossed that it will be HUGE!!!

  • http://www.facebook.com/mortenlundxy Morten Lund

    Congrats to everyone Thomas, Tommy, Nikolai – this is So Danish in the cool way – fingers crossed that it will be HUGE!!!

  • Nancy R.

    Congratulations Podio and Sunstone Capital!

  • Per von Zelowitz

    Tillykke my Danish friends!

  • http://techn4all.com/?p=157 Podio, The Connected Work Platform, Secures $4M In Series A Round | Social Networking, Social Media, News, Web, Technology, Tech, Information,

    […] A sort of collaborative social network for the Enterprise or ‘Facebook for the workplace’, Podio operates in the so-called Enterprise 2.0 space providing tools such as messaging, calendars, tasks, and contact management. However, it doesn’t stop there. Podio also gives users the ability to build their own ‘apps’ without any technical knowledge. Over 2,000 apps have already been built by users, which include CRM systems, meeting planners, process facilitation, recruiting, contract drafting and employee feedback. Naturally, there’s an accompanying app store too. Read the rest of this entry » […]

  • http://pulse2.com/2011/02/10/podio-raises-4-million-in-series-a/ Podio Raises $4 Million In Series A

    […] is a “social network for the enterprise” type of company that has raised $4 million in Series A funding. Sunstone Capital led the round of funding. Podio plans on using the funding to […]

  • just wondering

    How can Tommy Ahlers be the founder of Podio – according to this article he joined recently http://techcrunch.com/2010/09/02/look-out-yammer-zyb-founder-joins-podio-the-hot-new-social-work-startup/

  • http://twitter.com/andersbn Anders Bach

    Not surprised at all. I enjoyed their launch party last summer when the air was filled up with expectations and fun. Way to go Podio! …and more parties please :-)

  • http://twitter.com/dougall Doug Monro

    Congrats podio team. @filchambers one of the best CTOs in the business, go gumtree alumni!

  • http://twitter.com/katrilietsala Katri Lietsala

    $4m, wow. Great to hear that “Facebook for workplace” interests investors. I am sure companies will want to have services like Podio since people themselves are already familiar with similar tools as part of their private life. We have developed Gemilo Social (http://www.gemilosocial.com) for a couple of years with our clients and received good feedback here in Finland. And now news from Denmark! It is nice to notice that not everything is happening in the Silicon Valley only ;)

  • http://www.hrneurope.com/blog/?p=2963 Podio (Like Yammer with its Own App Store) | HRN Europe Blog: European HR News, HR Events, HR Competencies

    […] known for selling ZYB to Vodafone in 2008) as a CEO and investor in August, all in all raking in $4.5M in funding. The principle behind Podio is that all work tasks, from expense reports to hiring,  happen within […]

  • http://www.tech2up.com/tech/?p=89331 Podio Is Like A Yammer With Its Own App Store And App Builder | Tech 2 Up

    […] Founded by Anders Pollas, Jon Froda and Kasper Hultin, the Danish startup took up Tommy Ahlers (who is best known for selling ZYB to Vodafone in 2008) as a CEO and investor in August, all in all raking in $4.5M in funding. […]

  • http://danielord.com/2011/11/podio-bliver-gratis-for-studerende/ Podio bliver gratis for studerende | Daniel Ord Rasmussen | Mit Site

    […] har udviklingskroner. Det kan gå hen og blive stort, også internationalt set. De er blevet featured på blandt andet TechCrunch, og er en flok flinke fyre i […]

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    […] 2011 was still a good year for Podio. The company closed a round of series A funding, landed customers like Alcatel-Lucent, BMW and InMobi (though the product isn’t used company […]

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