Postmates Stock

postmates.com | Transportation | Founded: 2011 | Funding to Date: $360,000,000

Postmates is an online delivery platform that connects customers with local couriers who can deliver anything from any store or restaurant. The company is headquartered in San Francisco, CA and was founded in 2011 by Sam Street, Sean Plaice, and Bastian Lehmann. Postmates provides merchants the ability to join the platform as partners, which provides them with the benefit of greater exposure through the application, while Postmates benefits from increased order volume. As of December 2018, Postmates is available in 550 cities throughout the United States with one international presence in Mexico City and has over 25,000 merchant partners, contributing to 3 million monthly deliveries.

ENTERPRISE VALUE (based on primary fundings)

Key Investors
Tiger Global Management
Harmony Partners
Spark Capital
Founders Fund

TEAM

Management Team
  • Bastian Lehmann - CEO & Co-Founder
  • Sean Plaice - CTO & Co-Founder
  • Richard Fulton - Director, Engineering
  • Sam Street - Co-Founder
  • Russell Cook - Senior Vice President of Operations
Board Members
  • Cyan Banister - Founders Fund
  • Jean-Francois Clavier - SoftTech VC
  • Lee Fixel - Tiger Global Management
  • Mark Lotke - Harmony Partners
  • Nabeel Hyatt - Spark Capital
  • David Wu - Self
  • Jawed Karim - Self
  • Naval Ravikant - Self

NEWS

WSJ

Delivery company Postmates Inc. has filed confidentially for an initial public offering, the company said Thursday.

WSJ

Customers want restaurants to offer the option of home delivery, writes columnist John D. Stoll, but executives from chains including McDonald’s and Olive Garden are grappling with the hefty bite of profit taken by food-delivery apps like UberEats and DoorDash.

Techcrunch

Postmates has made two new hires, both of whom hail from Pinterest, in the form of Eric Edge and Andreas Lieber. Edge joins Postmates as the SVP of Brand & Communications, while Lieber joins as SVP of Business Development and Corporate Development. Both come to Postmates from Pinterest, where t…

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