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$150 million Series-C round catapults Postman into SaaS unicorn club
BENGALURU: Software as a service ( SaaS startup Postman has raised $150 million in its Series C funding round, led by Insight Partners at a valuation of $2 billion, catapulting it into the coveted unicorn club.ET was the first to report the development on June 5.
Existing investors Nexus Venture Partners and Charles River Ventures, which had together invested $50 million into the company in June 2019 at a valuation of $350 million, also participated in the fundraising.
The San Francisco and Bengaluru-based company has raised $208 million in total across various funding rounds.
It is understood to have clocked a revenue of $40 million in 2019, according to a person in the know.Postman is the fourth Indian SaaS company to enter the unicorn club after FreshWorks, Druva and Icertis.
Among the four, Postman has been the fastest to get there, taking just six years to be valued at more than $1 billion. | To read full story, visit https://startuparound.com/read/1591930841.6321428/$150-million-Series-C-round-catapults-Postman-into-SaaS-unicorn-club?ref=audio_experience
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By Startup AroundBENGALURU: Software as a service ( SaaS startup Postman has raised $150 million in its Series C funding round, led by Insight Partners at a valuation of $2 billion, catapulting it into the coveted unicorn club.ET was the first to report the development on June 5.
Existing investors Nexus Venture Partners and Charles River Ventures, which had together invested $50 million into the company in June 2019 at a valuation of $350 million, also participated in the fundraising.
The San Francisco and Bengaluru-based company has raised $208 million in total across various funding rounds.
It is understood to have clocked a revenue of $40 million in 2019, according to a person in the know.Postman is the fourth Indian SaaS company to enter the unicorn club after FreshWorks, Druva and Icertis.
Among the four, Postman has been the fastest to get there, taking just six years to be valued at more than $1 billion. | To read full story, visit https://startuparound.com/read/1591930841.6321428/$150-million-Series-C-round-catapults-Postman-into-SaaS-unicorn-club?ref=audio_experience