Postmates is a logistics company that operates a network of couriers who deliver goods locally. It is closely compared to Uber, Lyft, or Waiter.com because of its use of mobile phones to receive orders and dispatch delivery drivers.
Postmates is transforming the way local goods move around a city by enabling anyone to get any product delivered in under an hour. Available for iPhone, Android and on the web.
Postmates was founded in Mar 2011 by Sam Street, Sean Plaice, and Bastian Lehmann. The company is headquartered in San Francisco, California with an additional office in Nashville, Tennessee.
Postmates has over 65,000 active couriers and as of February 2019, Postmates operates in 2,940 U.S. cities.
Postmates is in collaborations with Starbucks, Chipotle, 7-Eleven, Walgreens and Apple & other major companies in US. Postmates’ passionate community of riders and drivers are currently delivering in 40 major metropolitan markets.
Postmates is backed by top-tier investors including Tiger Global Management, GPI Capital, Slow Ventures, Spark Capital, Founders Fund, Matrix Partners, Scott Banister, Naval Ravikant, Russell Simmons, Thomas Korte, Shervin Pishevar, Kevin Durant and David Sacks. The company raised $225M from a private equity round on Sep 19, 2019. This brings Postmates total funding to $906.5M to date.
Postmates is valued at $2.4B as of Sep 19, 2019. It's previous valuation was $1.85B from a "Series F" round on Jan 10, 2019. Postmates has also acquired Bold, Hey! Inc. & Sosh to date.