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 Postman

Live
API platform for developers, created by developers
postman_hero2.jpg

$2.8bn

Offering Valuation​

$5.6bn

Last Round Valuation

🔥 Closes Soon

Closing on 9th August

Highlights

🚀 Postman is the world's leading API development platform

🔥 Used by 25M developers, with a goal to onboard 100M 

 

📈 In 2022, revenue run rate grew 97.5% to $102.7m ARR

 

💓 98% of the largest 500 companies in the US are customers

 

 🇮🇳 Founded in 2014 in India, Postman is now headquartered in the US

 

💰 Raised $433m from tier-1 VCs like Insight Partners and Coatue, including $225m in 2021

Business Overview

Location

Industry

Website

Stage

Last valuation

Last share price

San Francisco, US

SaaS

Postman.com

Pre-IPO

$5.6bn

$17.54 (Aug 2021)

logo for CRV
CRV
headshot of Gokul Rajaram
Gokul Rajaram

Investors

Logo for Coatue
Coatue
 
logo for Insight Partners
Insight Partners

Company Overview

Postman is an API development environment, used by more than 25 million developers and more than 500,000 organizations worldwide. The company offers a platform for developers or enterprises to build, test, and debug their APIs. Postman claims to enable API-first development, automated testing, and developer onboarding.

Postman makes money via a freemium model (which is increasingly common in the SaaS world), with three paid plans: Team, Business, and Enterprise. All these plans are subscription-based, so the users are charged monthly recurring fees.

Postman was founded in 2014 and is headquartered in San Francisco and has an additional office in Bangalore. Notable investors include Insight Partners, Nexus Venture Partners, and CRV.

a chart showing Postman's valuation

Valuation history

Raised $433m from tier-1 VCs like Insight Partners ($75bn under management), Coatue ($70bn under management), CRV, BOND Ventures, Battery Ventures, and Nexus Venture Partners.

  • November 2015 - $7m at $28m valuation

  • April 2019 - $50m at $360m valuation

  • May 2020 - $150m at $2bn valuation

  • August 2021 - $225m at $5.6bn valuation ($17.54 per share)

Revenue

 

a chart showing Postman's revenue

In 2022, revenue run rate grew 97.5% to $102.7m ARR

Comparables

Postman has a higher growth rate that has been accelerating vs listed comparable (lower growth rate that has been decelerating).

Snowflake (NYSE: SNOW): 25x revenue multiple with 69.4% revenue growth (down from 106.0% in 2021)

Postman: 31x revenue multiple with 97.5% revenue growth (up from 42.0% in 2021)

Have any questions? Our team is available on live chat

Important information

Any investment carries risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Investments should only be made by investors who understand these risks. Use of the Tokenfolio Secondary Market is subject to Tokenfolio's Terms & Conditions. Note that not all shares will be eligible for the secondary market (and eligibility may change at any time) and, even if they are, the ability to buy and sell shares will depend on demand. It can be difficult to find a buyer or seller, and investors should not assume that an early exit will be available just because a secondary market exists. Tax treatment depends on individual circumstances and is subject to change in future.

The performance figures set out on this webpage refer to the past, and past performance is not a reliable indicator of future results. Most of the figures reflect paper returns, which means that while they show the notional performance of investments based on market activity, they do not necessarily reflect the cash returns that could be achieved if the relevant investments were sold, and it may be difficult or not possible to sell them at all. 

Each share lot is not an offer to the public and is only available to investors who have become authorised to invest on the Tokenfolio platform. 

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