Postman was founded in 2014 by Abhijit Kane, Abhinav Asthana, and Ankit Sobti. The company has not publicly endorsed plans to participate in an IPO.
Postman is an API platform whose software allows businesses to develop and deploy custom applications at high speeds. Postman reports that as of April 2023, 500,000 companies — including 98% of the Fortune 500 — use the platform. The company has raised more than $430 million in venture capital funding from investors including Insight Partners, Nexus Venture Partners, CRV, Coatue, Battery Ventures, and BOND. Postman was valued at $5.6 billion in 2021, following a $225 million Series D fundraising round.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/18/2021 | Series D | $145MM | $xx.xx | $5.57B | Battery Ventures, Bond, Coatue Management, Crv, Insight Partners, Nexus Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
8,267,900
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Bond, Coatue Management, Crv, Insight Partners, Nexus Venture Partners
|
||||||
06/11/2020 | Series C | $150MM | $xx.xx | $2.06B | Crv, Insight Partners, Nexus Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
23,046,524
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Crv, Insight Partners, Nexus Venture Partners
|
||||||
06/19/2019 | Series B | $50MM | $xx.xx | $359.85MM | Crv, Nexus Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
41,077,044
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Crv, Nexus Venture Partners
|
||||||
10/13/2016 | Series A | $7MM | $xx.xx | $28MM | Nexus Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
62,395,200
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Nexus Venture Partners
|