US-based SaaS Unicorn Postman soars to a US$ 5.6 billion valuation after a US$ 225 million Series D financing round

Postman, a San-Francisco and India-based collaboration platform for API development, has secured US$ 225 million in a Series D funding round held on Wednesday, August 18 2021. Insight Partners led the investment round, making its valuation rise to a total of US$ 5.6 billion.

In the latest financing bout, the company welcomed many new investors, including Coatue Management LLC, Battery Ventures, BOND, and existing investors CRV and Nexus Venture Partners. It also secured investments from DoorDash’s product leader Gokul Rajaram; and Freshworks’ founder Girish Mathrubootham.

With the venture, Postman has now ascended Browserstack ($4 billion), Freshworks ($3.5 billion) and Icertis ($2.8 billion), becoming the most valued Indian software-as-a-service (SaaS) company. 

What the CEO has to say

Co-founder and Chief Executive Officer, Postman, Abhinav Asthana, commented about the company’s latest capital acquirement, “We are thrilled to have the support of our community and customers who continue to propel us forward, and this new round of funding will help Postman dramatically increase the speed of that forward motion. We’re committed to helping developers who are building the future with APIs.” 

What the Investors have to say

Managing director, Insight Partners, Jeff Horing, said, “APIs have quickly become the fundamental building blocks of software used by developers in every industry, in every country across the globe—and Postman has firmly established itself as the preferred platform for developers. Postman has the opportunity to become a key pillar of how enterprises build, deliver products, and seamlessly enable partnerships.”

General partner at Coatue, David Schneider, remarked, “Coatue was impressed by Postman’s ability to solve challenges faced by developers worldwide who need to build software faster than ever.” 

About Postman

Postman was made into existence by Abhijit Kane, Abhinav Asthana and Ankit Sobti in 2014 and is currently operating as a complete API development environment used by nearly six million developers and more than 200,000 companies worldwide. It offers a platform for developers or enterprises to build, test, and debug their APIs. The platform intends to use the funds to continue to expand operations and its business reach. Postman is an elegant, flexible tool used to quickly, easily, and accurately build connected software via APIs. It enables API-first development, automated testing, and developer onboarding. The platform’s features simplify each step of building an API and streamline collaboration to create better APIs faster. For more information, visit http://www.postman.com/.

For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,

-how we can improve,

-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Article