Postman Inc. who is backed by Nexus has left the world in awe by raising a staggering sum of $150Million (Rs 1,138 Crore) in their Series C Funding round!
Postman Funding Alert:
Their Application Programming Interface (API), which holds the same name as this Bengaluru-San Francisco based company, has helped it reach a total value of $2Billion.
With fresh money still coming in from both their previous partners, Nexus Venture Partners and the CRV; this round was especially important, for it was held by the Insight Partners which is a leading name amongst Global Venture Capital and Private Equity Firms.
This amazing development transpired in a matter of months after Postman Inc. secured a $50 Million Series B Valuation with their previously registered name, Postdot Technologies Inc.
With a sum total of 500,000 companies and 11 Million developers using their Application Development Interface for their work; this extremely young but strong company, founded by Abhinav Asthana, Ankit Sobti, and Abhijit Kane in the year 2014 has shown great promise and potential for further growth and development.
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In May 2015 when their journey had just begun, they had successfully raised a sum of $1 Million by Nexus, only to demolish that record and raise $7Million for their Series A Round before setting another outstanding benchmark at $50 Million in their Series B funding, last year
Jeff Horing, the co-founder of Insight Partners recognizes the importance of Cloud-Based, API Conducted Software in the field of Commerce and Technology. According to him, Postman could be the inspiration for several other companies who are striving hard to produce more effective, faster, simpler, and comprehensive software programs that will simplify the work process and data handling in several industries and companies in the coming future.
Insight Partners has always invested in companies producing technology and software that show promise for growth and development ever since they were established in the year 1995. Insight Partners have successfully funded more than 400 companies since then, including Bharatpe, which is a payments startup based in India. The amount of capital commitment raised by the firm through their series of fundingS has now reached a sum total of $30Billion!