Postmates was founded in 2012 and is headquartered in San Francisco, US
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Key People/Management at Postmates
Bastian Lehmann
Co-Founder & CEO
Sam Street
Co-Founder
Sean Plaice
Co-Founder
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Postmates Office Locations
Postmates has offices in Orange, Chicago, Pittsburgh, Columbus and in 16 other locations
San Francisco, US (HQ)
690 5th St
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Postmates Financials and Metrics
Summary Metrics
Founding Date | 2012 |
Total Funding | $278 m |
Latest funding size | $140 m |
Time since last funding | 2 years ago |
Investors | Slow Ventures, Expansion Venture Capital, Kevin Durant, Matrix Partners, Scott Banister, Jack Abraham, Huron River Ventures, Aslanoba Capital, Uncork Capital, Crosslink Capital, Spark Capital, Harmony Partners, AngelPad, EquityZen, Alrai Capital, Founders Fund, Tiger Global Management |
Postmates's latest funding round in September 2016 was reported to be $140 m. In total, Postmates has raised $278 m. Postmates's latest valuation is reported to be $751 m.
Postmates Financials
Postmates's revenue was reported to be $1.04 b in Y, 2018 which is a 74.7% increase from the previous period.
| USD | |
|---|---|
Revenue (Y, 2018) | 1 b |
Revenue growth (Y, 2017 - Y, 2018), % | 74.7% |
Gross profit (Y, 2018) | 298.2 m |
Gross profit margin (Y, 2018), % | 28.7% |
EBIT (Y, 2018) | 14.3 m |
Market valuation | 751 m |
| USD | Y, 2014 | Y, 2015 | Y, 2016 | Y, 2017 | Y, 2018 |
|---|---|---|---|---|---|
Revenue | 8.6 m | 55.4 m | 249.6 m | 594.2 m | 1 b |
Revenue growth, % | 544% | 351% | 138% | 75% | |
Cost of goods sold | 7.6 m | 44.2 m | 189 m | 429.8 m | 739.9 m |
Gross profit | 1 m | 11.3 m | 60.6 m | 164.4 m | 298.2 m |
- Source: Techcrunch
| USD | Y, 2018 |
|---|---|
Revenue/Employee | 411.9 k |
Postmates Operating Metrics
Show all operating metricsPostmates Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Sosh (53) | November 05, 2015 |
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Postmates News and Updates
December 06, 2016
Leaked Postmates presentation
In a year that was unkind to many food delivery startups, Postmates made out relatively well. The company said in late October that it had secured $141 million in a funding round that Bastian Lehmann, its chief executive, described as “super, super difficult.” The fresh capital brought Postmates’ va…
April 11, 2018
Postmates and DoorDash would see significant gains with merger
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On-demand delivery service startups Postmates and DoorDash are reportedly mulling a merger that would…
April 06, 2018
Postmates launches pickup feature
Postmates, the startup that offers on-demand delivery for anything in your city, now lets people order ahead for pickup. This comes about one year after Square’s Caviar expanded into pickups, following the acquisition of OrderAhead’s pickup business. It’s not clear how many markets this is available…
April 05, 2018
Food delivery service Postmates backtracks after trashing Mark Zuckerberg for ‘screwing our democracy’ in an app update (AAPL, FB)
Food delivery service Postmates has backtracked after making a joke at Facebook CEO Mark Zuckerberg's expense in its new app release notes.
Facebook "screwed our democracy," taunted Postmates, making light of the Cambridge Analytica scandal, where as many as 87 million Facebook profiles were impro…
March 30, 2018
Postmates Delivery Service Revives Dot Com Bust Era Business Niche
Venturing where Kosmo and other dot com busts failed
March 01, 2018
Ford Launching Self-Driving Vehicle Delivery Programs In Miami (Domino’s + Postmates)
Ford has now launched a self-driving vehicle pilot delivery program in Miami (Florida) in partnership with Domino's — to be followed by the launch there of a program with Postmates as well — the company's Vice President of Autonomous Vehicles and Electrification, Sherif Marakby, has revealed
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