About Postmates
Postmates is a Consumer company based in San Francisco (United States) founded in 2011 by Baastian Lehmann, and was acquired by Uber in July 2020. Online platform providing on-demand hyperlocal delivery services. It operates in the Consumer and Retail sectors. Postmates has raised $902.75 million across 9 funding rounds from investors including Uber, BlackRock and FirstMark. The company has 4,123 employees. Postmates has completed 2 acquisitions, including Hey and Sosh SF. Postmates was last valued at $2.4 billion in September 2019. Its chief executive, as recorded, is Baastian Lehmann. Its website postmates.com draws about 2.9 million monthly visits. Postmates offers products and services including Food Delivery Service, Grocery Delivery, and Alcohol Delivery. Its focus areas include Food and Agriculture Tech, Food Tech, Food Discovery and Ordering and Restaurant Aggregator. Its legal entity is POSTMATES, INC. Its competitors include DoorDash, Thrive Market and Instacart; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2011 in San Francisco, United States, Postmates operates as an online platform in the on-demand delivery sector. Services include bookings for pickups and deliveries of groceries, food, beverages, household items, and other essentials within local areas. The platform supports hyperlocal logistics, connecting users with couriers for efficient, short-distance fulfillment across urban regions.
Products & Services of Postmates
Postmates offers a comprehensive portfolio of products and services, including Food Delivery Service, Grocery Delivery, and Alcohol Delivery.
App for ordering and delivering food items on demand.
Service for on-demand delivery of groceries and essentials.
Platform for ordering and delivering alcohol beverages quickly.
Apps and channels of Postmates
Postmates publishes 2 mobile apps with over 10M+ downloads.
Funding Insights of Postmates
Postmates has successfully raised a total of $902.75M across 9 strategic funding rounds. The most recent funding activity was a Series G round of $225 million completed in September 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $902.75M
- Total Rounds 9
- Last Round Series G — $225M
- First Round $1.75M
(Jun 2011)
- Investors Count 58
All 9 funding rounds of Postmates with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $225M | Series G | – | GPI Capital | – |
| Jan 2019 | $100M | Series F | – | Tiger Global Management, BlackRock | – |
| Sep 2018 | $300M | Series F | – | Tiger Global Management | – |
| Oct 2016 | $140M | Series E | – | Founders Fund | – |
| Jun 2015 | $80M | Series D | $450M | Tiger Global Management | – |
| Feb 2015 | $35M | Series C | – | Spark Capital | – |
| Feb 2014 | $16M | Series B | – | Spark Capital | – |
| Mar 2013 | $5M | Series A | – | Founders Fund | – |
| Jun 2011 | $1.75M | Seed | – | Crosslink Capital, Uncork Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2015 | $450M | •••••••• |
Full valuation and stage history of Postmates
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $2.4B (Sep 2019). 58 investors in total: 47 institutional and 11 angel.
Investors in Postmates
Postmates has secured backing from 58 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Uber, BlackRock and FirstMark.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
GPI Capital is engaged in non-control growth equity investments. | gpicap.com | New York, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Investments are directed toward early and late-stage tech companies. | glynncapital.com | Menlo Park, United States | ||
Venture capital investments in technology and defense sectors. | foundersfund.com | |||
Spark Capital is engaged in venture capital investments. | sparkcapital.com | San Francisco, United States | ||
Venture capital is invested in various sectors by Crosslink Capital. | crosslinkcapital.com | San Francisco, United States | ||
Venture capital is invested in multiple sectors by Uncork Capital. | uncorkcapital.com | Palo Alto, United States | ||
Startups are accelerated across sectors without focus on specific industries. | angelpad.com | San Francisco, United States | ||
Early-stage ventures are funded by the investment firm. | matrix.vc | San Francisco, United States | ||
Seed and early-stage tech investments are made in US companies. | bluepointeventures.com | San Mateo, United States |
Investor details for Postmates
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People of Postmates
846 people are tracked at Postmates (261 in leadership, 9 in board & advisors, 576 in team); the tracked headcount is 4,123.
| Name | Role | Group |
|---|---|---|
Baastian Lehmann | Co-Founder & CEO | Leadership |
Ramsin Betyousef | Vice President Of Software Engineering | Leadership |
Luis Galindo | Partner Manager | Leadership |
Jane Hart | Director, Accounting Operations | Leadership |
Mariana Muntz | Head Of Marketing South Cone | Leadership |
Andi Pimentel | Chief of Staff to the CEO | Leadership |
Dyan A. Ludeña Ferraris | Head Of Global People Science & Strategy | Diversity, Equity, & Inclusion | Leadership |
Philip Leow | Partner Manager II | Leadership |
Ganesh Talele | Head Of Engineering, Rider Experience | Leadership |
Tony West | SVP, Chief Legal Officer & Corporate Secretary | Leadership |
Elizabeth Abbene Coleman | VP, Deputy General Counsel & Deputy Corporate Secretary | Leadership |
Venkateswaran Kr | Head Of Moto (bike Taxi), India & South Asia | Leadership |
Lukasz C. | Director, Privacy & Cybersecurity Legal (emea) At Uber | Leadership |
Mingmin Chen | Director Of Software Engineering | Leadership |
Lisa Li | Senior Director, US And Canada Tax & Global Transfer Pricing | Leadership |
Venkatesh Kancharla | Director | Leadership |
Cassie Jaganyi | Head Of Communications | Leadership |
Wendy Lee | Director Of Product Management, Head Of Autonomous Mobility And Delivery | Leadership |
Jai Malkani | Global Head of Product, Customer Obsession | Leadership |
Wali Ansary | Director Of Engineering, Ad Products | Leadership |
826 more people are available in the full profile.
Complete people profiles for Postmates
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Investments & Acquisitions by Postmates
Postmates has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Hey and Sosh SF.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Self-publishing of personal journals is facilitated with automatic memory tracking. | hey.co | San Francisco, United States | 2012 | Jul 2016 | •••• | |
Local activities and tours are booked via an app-based platform. | sosh.com | San Francisco, United States | 2010 | Nov 2015 | •••• |
Complete acquisition details for Postmates
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Timeline of Postmates
8 dated milestones of Postmates across 9 years, from founding to its latest funding, stage changes and deals.
Competitors of Postmates
Postmates has 3 listed competitors in our database, 3 of them funded. They include DoorDash, Thrive Market and Instacart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| doordash.com | 2013 | San Francisco, United States | $2.5B | 23,700 | Food and grocery deliveries are facilitated through an app-based platform. | |
| thrivemarket.com | 2013 | Los Angeles, United States | $332.18M | 663 | Organic groceries are offered through an online membership platform. | |
| instacart.com | 2012 | San Francisco, United States | $2.93B | 3,380 | Online marketplace platform offering multi-category grocery products |
Detailed competitors of Postmates
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Web traffic of Postmates
The website of Postmates (postmates.com) receives about 2.9M visits a month and ranks #14,758 among all websites worldwide, #413 in Restaurants and Delivery.
- Monthly visits2.9M
▲ 5.2% vs previous month
- Unique visitors1.5M
per month
- Global rank#14,758
among all websites
- Category rank#413
Food and Drink · Restaurants and Delivery
- Bounce rate33%
- Pages per visit6.4
- Average visit4 min 11 sec
- DevicesDesktop 26% · Mobile 74%
Websites whose visitors overlap most with Postmates. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ubereats.com | 100% | 62.5M | #406 | View details | |
| grubhub.com | 89% | 17.2M | #1,966 | View details | |
| seamless.com | 82% | 4M | #11,745 | View details | |
| trycaviar.com | 73% | 459K | #84,906 | View details | |
| doordash.com | 73% | 104.7M | #331 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Postmates
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Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Postmates (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about Postmates
Complete news archive for Postmates
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Frequently Asked Questions about Postmates
Postmates was founded in 2011.
Postmates is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Baastian Lehmann is the CEO of Postmates, as recorded in our data. They have also founded this company.
Postmates is a funded company, having raised a total of $902.75M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1.75M, raised on Jun 2011.
Postmates has 4,123 employees.
Founded in 2011 in San Francisco, United States, Postmates operates as an online platform in the on-demand delivery sector. Services include bookings for pickups and deliveries of groceries, food, beverages, household items, and other essentials within local areas. The platform supports hyperlocal logistics, connecting users with couriers for efficient, short-distance fulfillment across urban regions.
Postmates's top competitors include DoorDash, Thrive Market and Instacart.
Postmates offers Food Delivery Service, Grocery Delivery, and Alcohol Delivery.
Postmates has 58 investors. Key investors include Uber, BlackRock, FirstMark, FJ Labs, and GPI Capital.
The valuation of Postmates is $2.4B as of Sep 2019.
Postmates operates through Postmates, Inc..