Postmates

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, the on-demand logistics service connects customers with local couriers, who purchase and deliver goods from any restaurant or store in a city, 24/7. Postmates’ passionate community of riders and drivers are currently delivering in 40 major metropolitan markets.
Type
Private
HQ
San Francisco, US
Founded
2012
Employees
1,317 (est)+4%
Postmates was founded in 2012 and is headquartered in San Francisco, US

Key People at Postmates

Bastian Lehmann

Bastian Lehmann

CEO / Co-Founder
Sam Street

Sam Street

Co-Founder/Software Engineer
Sean Plaice

Sean Plaice

Co-Founder
Scott Banister

Scott Banister

Board of Directors
Jeff Clavier

Jeff Clavier

Board of Directors
Ashley Brown

Ashley Brown

Director of Communications and Marketing

Postmates Locations

San Francisco, US
Atlanta, US
Orange, US
San Diego, US
Los Angeles, US
Nashville, US
Austin, US
New York, US
Seattle, US
Portland, US
Washington, US
Las Vegas, US
Phoenix, US
Charlotte, US
Boston, US
Tampa, US
Dallas, US
New Orleans, US
Palo Alto, US
Chicago, US

Postmates Metrics

Postmates Summary

Founding Date

2012

Market valuation

$500 M

Total Funding

$279 M

Latest funding size

$141 M

Time since last funding

3 months

Investors

Postmates's latest funding round of $141 M was in September 2016. In total, Postmates has raised $279 M. Postmates's latest valuation is $500 M.

Postmates Financials

Postmates's revenue was $1.04 B in Y, 2018 which is 74.7% increase from the previous period.
Y, 2014Y, 2015Y, 2016Y, 2017Y, 2018

Revenue

$8.6 M$55.4 M$250 M$594 M$1.04 B

Cost of goods sold

$7.58 M$44.2 M$189 M$430 M$740 M

Gross profit

$1.03 M$11.3 M$60.6 M$164 M$298 M

Gross profit Margin, %

11.9%20.3%24.3%27.7%28.7%

Sales and marketing expense

$1.64 M$4.62 M$10.8 M$19.4 M$31.5 M

R&D expense

$338 K$803 K$1.34 M$2.36 M$3.91 M

General and administrative expense

$2.89 M$4.65 M$5.7 M$7.29 M$9.57 M

Operating expense total

$9.71 M$18.8 M$33.9 M$58.2 M$94.7 M

EBIT

$-15.9 M$-26.2 M$-4.14 M$60.9 M$14.3 M

EBIT margin, %

-185.4%-47.3%-1.7%10.3%1.4%

Postmates Operating Metrics

Y, 2016

Monthly deliveries

1.5 M

Postmates Online Presence

Postmates News

Postmates Company Life

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