Postmates Raises $100 Million Investment As It Plans Its IPO
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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