Friday, January 11, 2019

Postmates Picks Up $100M

San Francisco-based Postmates, which provides on-demand delivery of food, drinks, and groceries, has raised another $100M, this time in Series F funding. The funding came from BlackRock, Tiger Global Management, and others. According to the company, the new funding values the company at $1.85 billion. The funding round comes only four months after the company raised $300M in funding from Tiger Global. The company is in the midst of an IPO effort. The earlier effort had valued Postmates at $1.2 billion.