Postman
API platform for developers
$10.90
Offering share price
🔥 25 March
Invest by
Highlights
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Postman is an API development platform, used by more than 20 million developers and 500,000 organisations.
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In 2022, revenue run rate grew 97.5% to $102.7m. Postman is now used by 98% of the Fortune500.
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In August 2021, raised $225m Series D at $5.6bn valuation ($17.54 per share).
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Raised $433m of funding including from Insight Partners, Nexus Venture Partners, Coatue and CRV.
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Valuation history:
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November 2015 - $7m at $28m valuation
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April 2019 - $50m at $360m valuation
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May 2020 - $150m at $2bn valuation
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August 2021 - $225m at $5.6bn valuation
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Deal terms
Investment
Allocation
Share class
Share price
Implied valuation
Last valuation
Discount
Fees
Carry
Tokenized equity
$20,000
Common stock
$10.90
$3.5bn
$5.6bn
38%
2%
0%
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Revenue growth:
Company
Postman is an API development environment, used by more than 20 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.
Notes
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Tokenized shares can be traded OTC (over-the-counter) on the Tokenfolio platform
Sources: Crunchbase, GetLatka, Postman. Note: information publicly reported. When not reported by the company or any of its representatives, information may not have been verified by Tokenfolio