Postmates, a San Francisco, CA-based on-demand delivery service, secured $80m in funding.
The round was led by Tiger Global Management. In conjunction with the funding, Lee Fixel, a partner at Tiger Global, joined Postmates’ board.
The company intends to use the funds to accelerate geographic expansion, to grow key teams and to explore new categories beyond food.
Led by Bastian Lehmann, Co-founder and CEO, Postmates provides an urban logistics & on-demand delivery platform that connects customers with local couriers, who purchase and deliver goods from any restaurant or store in a city.
The company recently surpassed 2.5 million deliveries across 28 markets and partners with companies such as Apple, Starbucks and Chipotle.