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  • Venture Capital Firm, Sunstone Capital Leads $4 Million in Series A Funding Round for Podio

    February 14th, 2011 No comments

    Based in Copenhagen, Denmark, Podio has announced in February 10, 2011, that it has just secured $4 million in a series A funding round which was led by Sunstone Capital. Other investors who participated in this funding round include other undisclosed investors.

    Podio is a fast growing startup which was founded in early 2009 and has developed a disruptive work platform that connects people together with tools and other office related business when they are on the go. Podio actually allows workers to connect with each other and also provides a workspace that professionals can use to collaborate together and work on different projects.

    Many people have described the product that Denmark-based Podio has to offer as a new technology which is redefining the online workspace for Enterprise 2.0 market. One of the biggest benefits that Podio’s company has to offer in its product is that it is highly customizable, allowing for its users to be able to do all kinds of different tasks and organize them effectively for optimum performance.

    According to Podio’s CEO, Tommy Ahlers, the unique work platform that Podio provides its users with is growing in popularity with already over 6,000 users taking advantage of the company’s services. Mr. Ahlers further added that Podio’s platform is the only one in the world which places people at the center, instead of technology, allowing them to use their full creativity to its full potential. Already, many paying customers who are using Podio’s service are already realizing the value of this capability.

    Other praises of Podio’s achievements were also sung by the company’s own investors. Sunstone’s partner, Christian Jepsen further added that Podio has provided the perfect match with the strategy that Sunstone Capital requires of its portfolio companies. Mr. Jepsen further added that as his firm likes to invest in early stage companies who are in the tech industry who have the vision to become a global corporation and Podio not only provides that, but also wants to expand further and has a strong and motivated management team that Sunstone Capital requires to turn that vision into reality. The future looks bright for this company and Sunstone Capital is proud to add this company to its list of portfolio companies.

    Sunstone Capital is a venture capital firm that primarily invests in early stage tech and life sciences companies in the Nordic geographic region. The firm currently has over $650 million in capital under its management and believes in investing in companies who have the goal of expanding and being successful on a global scale. Some other companies in Sunstone’s portfolio include Rovsing Dynamics, Nuevolution, Jurag Separation, Vivostat, Giritech, Agilic, and others.

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