Postmates files to raise $190M Series E at $640M valuation
October 28, 2016
Food delivery startup Postmates has filed to raise a $190 million Series E round. While the company’s post-money valuation will go up with the issuance of new shares, the share price of $5.27 for this round is the same as the company's previous financing, an $80 million investment in June 2015 at a valuation of $450 million. Founded in 2011, Postmates has previously raised about $138 million in total funding from firms including Spark Capital, Slow Ventures, Matrix Partners and Founders Fund.