# Postmates

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/postmates

- Industry: Consumer Services
- Headquarters: San Francisco, US
- Website: www.postmates.com
- Total disclosed funding: $848M
- Latest round: Series G (Oct 21, 2019)
- Investors on record: 17

## About

Postmates Inc. is a delivery service company specializing in food, groceries, and alcohol. It aims to provide a convenient platform connecting consumers with local retailers for quick delivery of essential items.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 raised USD 225.00 mn across 11 different deals, culminating in an Add-on Trade Sale round on July 6, 2020, where Uber Technologies Inc. acquired 100% stake for approximately USD 2.65 bn in stocks.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. The service has evolved since its inception, continually enhancing user experience and expanding its network of partners and delivery options to meet the needs of a growing customer base.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. This multi-faceted approach to revenue generation allows Postmates to diversify its income sources while catering to both individual consumers and business clients across various sectors.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. The company plans to utilize recent funding from the July 2020 acquisition by Uber Technologies Inc. to expand its services further into new metropolitan regions across the United States, though specific markets have not yet been disclosed.

## Funding rounds

- Series G, Oct 21, 2019, $225M — GPI Capital
- Series F, Jan 8, 2019, $100M — Tiger Global Management, Glynn Capital, BlackRock, EquityZen, Inc.
- Series E, Oct 15, 2018, $250M — Tiger Global Management
- Series E, Oct 20, 2016, $153M — Founders Fund, AngelPad, G Squared, 137 ventures
- Series D, Jun 12, 2015, $73M — Tiger Global Management, Slow
- Series C, Nov 24, 2014, $20M — Matrix Partners, Founders Fund, Spark Capital, Uncork Capital, Harmony Partners, AngelPad, Entree Capital
- Series B, Jan 23, 2014, $16M — Matrix Partners, Crosslink Capital, Spark Capital, Uncork Capital, AngelPad, Slow
- Series A, Dec 5, 2012, $8.5M — Crosslink Capital, Founders Fund, AngelPad, Expansion Venture Capital
- Angel, Apr 1, 2012, $1.2M — Matrix Partners, Crosslink Capital, Uncork Capital, AngelPad
- Angel, May 1, 2011, $0.8M — Matrix Partners, Uncork Capital, AngelPad

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Angel, Series B, Series C
- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Angel, Series B, Series C
- AngelPad (https://capitalatlas.ai/funds/angelpad) — Angel, Series A, Series B, Series C, Series E
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Angel, Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A, Series C, Series E
- Expansion Venture Capital (https://capitalatlas.ai/funds/expansion-venture-capital) — Series A
- Spark Capital — Series B, Series C
- Slow (https://capitalatlas.ai/funds/slow) — Series B, Series D
- Harmony Partners (https://capitalatlas.ai/funds/harmony-partners) — Series C
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D, Series E, Series F
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series E
- 137 ventures (https://capitalatlas.ai/funds/137-ventures) — Series E
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series F
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series F
- EquityZen, Inc. — Series F
- GPI Capital (https://capitalatlas.ai/funds/gpi-capital) — Series G