Postmates
Latest round
- Series G
Last raised
- Oct 2019
Total raised
- $848M
Investors
- 17
About Postmates
Postmates Inc. is a delivery service company specializing in food, groceries, and alcohol.Founded in 2011 and headquartered in San Francisco, US, Postmates Inc. operates as an independent company with no parent company mentioned. The company was founded by Bastian Lehmann, who has a history in entrepreneurial ventures.Postmates provides an extensive range of delivery services, including food, groceries, and alcohol, facilitating a convenient and seamless experience for consumers. The core offering is the Postmates app, which connects users to local restaurants, grocery stores, and retailers, enabling them to order products for delivery in a timely manner. The platform serves a diverse clientele, ranging from individual consumers seeking everyday essentials to businesses looking to streamline their supply chain through efficient delivery solutions. Available in numerous metropolitan areas across the United States, Postmates caters to urban dwellers who value convenience and quick access to a variety of products, addressing the ongoing demand for on-demand delivery services.Postmates generates revenue primarily through a transaction-based model where consumers pay for delivery services on a per-order basis. The company charges a delivery fee, which may vary based on order size, distance, and promotional offers, thereby creating a direct revenue stream from end users. In addition to individual consumer transactions, Postmates may also engage in partnerships with businesses, allowing retailers to reach customers through the platform, contributing to a broader revenue structure. The service may include subscription options, providing users with benefits such as reduced delivery fees for a monthly fee.Postmates is focused on growth through the enhancement of its service offerings and expansion into new markets. Upcoming product launches include improvements to the Postmates app aimed at enhancing user experience. to expand its services further into new metropolitan regions across the United States, though specific markets have not yet been disclosed.
Who invested in Postmates
17 investors across 10 rounds
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Funding rounds
Series G
Oct 21, 2019
Amount
$225M
Investors
Series F
Jan 8, 2019
Amount
$100M
Investors
Series E
Oct 15, 2018
Amount
$250M
Investors
Series E
Oct 20, 2016
Amount
$153M
Investors
Series D
Jun 12, 2015
Amount
$73M
Investors
Series C
Nov 24, 2014
Amount
$20M
Investors
Series B
Jan 23, 2014
Amount
$16M
Investors
Series A
Dec 5, 2012
Amount
$8.5M
Investors
Angel
Apr 1, 2012
Amount
$1.2M
Investors
Angel
May 1, 2011
Amount
$0.8M
Investors
Questions about Postmates
Who invested in Postmates?
Postmates has 17 investors on record across 10 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Postmates raised?
Postmates has raised 10 venture rounds. Sign up free to see how much each round raised and the total.
When did Postmates last raise money?
Postmates's most recent round on record is a Series G, in Oct 2019.
What does Postmates do?
Postmates is a consumer services company.
Where is Postmates headquartered?
Postmates is headquartered in San Francisco, US.
Which VCs invest in companies like Postmates?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back consumer services companies at Postmates's stage. Their profiles are linked below.
VCs backing consumer services startups at Series G
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