Total amount raised
$763 Million
Latest funding date
09/01/2019
Location
Postmates has successfully raised funds through 13 different funding rounds, with the latest being a Private Equity round. The platform is backed by 43 investors, including notable names like GPI Capital and Tiger Global Management.
Postmates' journey also includes investments in Serve Robotics and acquisitions of three organizations, with Bold being the most recent. Keep reading to explore the intricacies of Postmates' fundraising journey and the investors backing this innovative platform.
What Is Postmates?
Postmates is an on-demand food delivery platform based in San Francisco, California. The company operates in various industries, including delivery, food delivery, logistics, restaurants, and same-day delivery.
Founded by a team of innovators, Postmates has grown to employ between 1001 and 5000 people. The platform allows customers to order food, drinks, groceries, and more from local stores and restaurants, aiming to deliver "anything from anywhere."
How Much Funding Has Postmates Raised?
- Private Equity Round
- Amount Raised: USD 225,000,000
- Date: September 2019
- Lead Investors: GPI Capital
- Valuation at Round: $2.4 billion
- Motivation Behind the Round: Preparing for an IPO, securing additional capital for operations and growth.
- Series F
- Amount Raised: USD 100,000,000
- Date: January 2019
- Lead Investors: BlackRock, Glynn Capital Management, Tiger Global Management
- Valuation at Round: $1.85 billion
- Motivation Behind the Round: Expanding market presence and enhancing technology infrastructure.
- Series E
- Amount Raised: USD 300,000,000
- Date: September 2018
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Scaling operations and market expansion.
- Secondary Market
- Date: December 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Providing liquidity to early investors and employees.
- Secondary Market
- Date: May 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Providing liquidity to early investors and employees.
- Series E
- Date: October 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expanding service offerings and market reach.
- Undisclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: General corporate purposes and growth initiatives.
- Series D
- Amount Raised: USD 80,000,000
- Date: June 2015
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Enhancing delivery logistics and expanding market presence.
- Series C
- Amount Raised: USD 35,000,000
- Date: February 2015
- Lead Investors: Harmony Partners, Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Scaling operations and improving technology.
- Series B
- Amount Raised: USD 16,000,000
- Date: February 2014
- Lead Investors: Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expanding service areas and enhancing platform capabilities.
Total Amount Raised: USD 756,000,000. Current Valuation: $2.4 billion.
Key Investors
- GPI Capital
- Details: GPI Capital is a New York-based private equity firm that invests in late-stage private companies, often taking stakes up to 20%. Khai Ha from GPI Capital joined the Postmates board following their investment.
- Investment Focus Areas: Late-stage private companies, publicly listed ventures.
- Notable Investments: Not specified.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on both private and public companies globally. They have been involved in multiple funding rounds for Postmates.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- BlackRock
- Details: BlackRock is a global investment management corporation known for its broad range of asset classes. They participated in the Series F funding round for Postmates.
- Investment Focus Areas: Equities, fixed income, alternatives, multi-asset strategies.
- Notable Investments: Not specified.
- Founders Fund
- Details: Founders Fund is a venture capital firm known for investing in early-stage companies. They have a representative on the Postmates board.
- Investment Focus Areas: Technology, innovation-driven companies.
- Notable Investments: Facebook, SpaceX, Palantir.
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups across various stages. They have been involved in multiple funding rounds for Postmates.
- Investment Focus Areas: Technology, media.
- Notable Investments: Twitter, Oculus, Slack.
What's Next for Postmates?
Postmates stands on the brink of significant growth opportunities, driven by its recent $225 million funding round and a valuation of $2.4 billion. The company is gearing up for an IPO, which could provide substantial capital for further expansion and technological advancements, such as autonomous robotic delivery. The food delivery market is ripe for growth, with increasing consumer demand and potential for mergers and acquisitions.
Future fundraising opportunities are promising, with the IPO itself being a major event. Postmates may also attract additional private equity or venture capital funding, leveraging its increased valuation. However, the company faces challenges, including intense competition from larger rivals and the need to prove its long-term profitability. High marketing costs and the pressure to stabilize stock prices post-IPO add to the hurdles ahead.
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