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Postmates Raises $100 Million Investment As It Plans Its IPO

Dana E. Neuts, Subscription Insider January 18, 2019

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Company is now valued at $1.85 billion.

Last week, on-demand delivery service Postmates announced that it raised $100 million in Series F funding, led by BlackRock (a first-time investor in Postmates), Tiger Global Management and Glynn Capital Management, reports Recode. The company is now valued at $1.85 billion, just ahead of the company�s planned IPO, which is likely to happen in the first half of 2019. This was the company�s 11th round of funding, bringing the grant total raised to date to $678 million.

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