- It said that it will use the Series D capital to expand its teams in the areas of sales, marketing, product, and engineering
- The company has now raised more than $430 million across four rounds
Postman has secured $225 million in a Series D round, placing its valuation at $5.6 billion. The round was led by existing investor, New York-based global private equity and venture capital firm Insight Partners, and joined by new investors Coatue, Battery Ventures, and BOND, along with existing investors CRV and Nexus Venture Partners. In addition, DoorDash Product Leader Gokul Rajaram and Freshworks Founder Girish Mathrubootham have also joined as individual investors. The company has now raised more than $430 million across four rounds.
It said that it will use the Series D capital to expand its teams in the areas of sales, marketing, product, and engineering. The company will continue to invest in its community of developers across the globe, support students through innovative API literacy programs, and contribute toward open source projects to foster a strong and thriving API ecosystem.
APIs are growing in popularity, led by developers who are adopting the “API-first” model to build new applications faster, modernize legacy architectures, and scale business processes. Organizations are also adopting the API-first model to build and ship new products faster and create products of higher quality with less code.
Insight Partners Managing Director 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 across the ecosystem. Their continued, rapid expansion and strong management team point to a future for Postman with virtually unlimited possibilities.”