Postman, a San Francisco-based API (application programming interface) development firm, has raised $225 million in its series D funding round at a valuation of $5.6 billion. The funding round is led by American venture capital investor Insight Partners, Coatue, Battery Ventures and Bond. Existing investors such as CRV and Nexus Ventures also participated in the round which saw its valuation climb almost three times.
Postman also saw the participation of DoorDash product leader Gokul Rajaram and Freshworks’ Girish Mathrubootham as angel investors. With this round, the API-based startup has raised more than $430 million from investors.
With its roots in Bangalore, the company was founded in 2014 by Abhinav Asthana, Abhijit Kane and Ankit Sobti. Postman helps developers and companies build new applications through the API workflow. The company had entered the unicorn club last year after its series C funding round of $150 million at an estimated valuation of around $2 billion. Postman has more than 17 million users and 500,000 organisations on its platform, including Salesforce, Stripe, Kroger, Cisco and PayPal.
Smallcase funding
Amazon has invested in an equity-focussed fintech startup — smallcase — launched in 2016 by three IIT Kharagpur graduates, Vasanth Kamath, Anugrah Shrivastava and Rohan Gupta.The firm has raised $40 million in a funding round led by Faering Capital with participation from Amazon and Premji Invest and existing investors Sequoia Capital and Blume Ventures among others.