Tech Company Financing Transactions
Postmates Funding Round
Postmates closed a $300 million investment round on 9/19/2018. Investors included Tiger Global Management and private investors.
Transaction Overview
Company Name
Announced On
9/19/2018
Transaction Type
Venture Equity
Amount
$300,000,000
Round
Undisclosed
Investors
Tiger Global Management (Lead Investor) (Scott Schleifer)
Proceeds Purpose
With this funding, Postmates will expand its selection advantage; broaden coverage to over 70% of U.S. households by the end of the year; unleash new point-of-sale integration technologies; deploy state of the art API tools (offering white-glove delivery services to non-brick and mortar retail partners at scale); scale social impact investments & new workforce development policies; and invest in cutting edge R&D to devise new last-mile mobility solutions.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
201 3rd St. 200
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Website
Email Address
Not Recorded
Overview
Postmates is transforming the way local goods move around a city by enabling anyone to get any product delivered in under one hour. Postmates' revolutionary urban logistics & on-demand delivery platform connects customers with local couriers, who purchase and deliver goods from any restaurant or store in a city.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bastian Lehmann
Co-Founder
Sean Plaice
Co-Founder
Sam Street
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We do our best to record every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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