Company Growth (employees)
Postmates was founded in 2012 and is headquartered in San Francisco, US
Key People at Postmates
Bastian Lehmann
CEO / Co-Founder
Sean Plaice
Co-Founder
Sam Street
Co-Founder
Postmates Office Locations
Postmates has offices in San Francisco, Bellevue, Dallas, Nashville and in 17 other locations
San Francisco, US (HQ)
690 5th St
Postmates Data and Metrics
Summary Metrics
Founding Date | 2012 |
Total Funding | $278 m |
Latest funding size | $140 m |
Time since last funding | 11 months |
Investors | Slow Ventures, Matrix Partners, EquityZen (Investor), David Wu, Aslanoba Capital, Russel Simmons, Russell Cook, Crosslink Capital, Thomas Korte, Spark Capital, SoftTech VC, Harmony Partners, Naval Ravikant, Andy McLoughlin, AngelPad, Alrai Capital, Founders Fund, Tiger Global Management, Walter Lee, Kevin Durant, Huron River Ventures |
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 Financial Metrics
Postmates's revenue was reported to be $1 b in 2018 which is a 75% increase from the previous period.
USD
Revenue (Y, 2018) | 1 b |
Revenue growth (Y, 2017 - Y, 2018), % | 75% |
Gross profit (Y, 2018) | 298.2 m |
Gross profit margin (Y, 2018), % | 29% |
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 |
Gross profit Margin, % | 12% | 20% | 24% | 28% | 29% |
Sales and marketing expense | 1.6 m | 4.6 m | 10.8 m | 19.4 m | 31.5 m |
R&D expense | 338 k | 803 k | 1.3 m | 2.4 m | 3.9 m |
General and administrative expense | 2.9 m | 4.7 m | 5.7 m | 7.3 m | 9.6 m |
Operating expense total | 9.7 m | 18.8 m | 33.9 m | 58.2 m | 94.7 m |
EBIT | (15.9 m) | (26.2 m) | (4.1 m) | 60.9 m | 14.3 m |
EBIT margin, % | (185%) | (47%) | (2%) | 10% | 1% |
- Source: Techcrunch
Postmates Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Sosh | November 05, 2015 |
Postmates Job Categories
Postmates Median Salaries
Source: 14 public H-1B filings from Postmates
Market Position of Postmates
Traffic Overview of Postmates
Postmates Online and Social Media Presence
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…
May 10, 2017
Postmates’ provocative new subway ads are a desperate plea for attention
A woman’s tongue curls around dark, slimy strands dangling in front of her face. Two fingers thrust a piece of salmon between half-open lips. The…
April 08, 2017
Bella Hadid seems to think Postmates involves going outdoors with a giant plate of deviled eggs
Bella Hadid loves ordering Postmates, and she definitely knows what it is.
The model is the new face of Postmates #sponcon on Instagram, and her post advertising the food delivery service is, uh, a little confusing. Or confused, as it were.
@Postmates is the best! I love ordering food on my…
February 17, 2017
Postmates now allows drivers to opt out of mandatory arbitration
In fall 2015, the National Labor Relations Board filed a complaint against delivery service Postmates which challenged the legality of the company’s mandatory arbitration agreement between it and its contractors. In Postmates’ fleet agreement, which contractors must sign as a condition of hire, the…
January 25, 2017
Postmates promises to fuel your bender in under 25 minutes
After raising $140 million in funding and growing to over 2 million deliveries per month what’s next for on-demand courier Postmates? Getting you drunk, fast. Startups like Drizly and Minibar already offer on-demand alcohol delivery, but Postmates wants to take it a step further. Rather than the “le…
January 25, 2017
Postmates takes on Drizly with alcohol delivery in 25 minutes or less
Alcohol is one of the more perfect on-demand delivery items. However, the industry has been so fragmented for so long that it’s nearly impossible for each local liquor store to operate an efficient online purchasing program (plus delivery). Startups like Drizly and Minibar have gotten in on the gam…