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Postman Closes $150 Million Series C Funding
June 11, 2020
Postman secured $150 million in a Series C investment round led by Insight Partners, a global venture capital and private equity firm.
Insight Partners joins previous investors CRV and Nexus Venture Partners in this round.
According to CEO and co-founder Abhinav Asthana, “Developers all over the world are rapidly transitioning from the code-first mindset to an API-first mindset with Postman being the center of this revolution.”
More than 11 million users around the world rely on Postman to streamline collaboration and simplify each step associated with building APIs, and the company’s solution is used by 98% of the Fortune 500 to create better APIs more quickly.
“Modern-day commerce is driven by API-connected, cloud-based software, and Postman is in the absolute vanguard of companies driving faster and more effective development of solutions across a multitude of industries,” said Jeff Horing, co-founder and managing director of Insight Partners. “The combination of the market opportunity, the management team, and Postman’s proven track record of success shows that they are ready to become the software industry’s next great success.”
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