Postmates

Postmates is a US delivery company managing a network of couriers.

• At December 31, 2019, Sofina has an observer seat in the decision making bodies of the company.

Thanks to its mobile application, Postmates connects customers and couriers, and organises local minute-deliveries from any restaurant or store. Founded in 2011, the Company reported more than USD 1 billion in gross merchandise volume and completes more than 3 million deliveries per month across the major US cities.

Sofina invested in Postmates in October 2016, alongside existing investors Founders Fund, Spark Capital and Tiger Global Management.

In 2020 Postmates reached a definitive agreement under which Uber will acquire Postmates for c. USD 2.65 billion. The transaction is subject to the several closing conditions and is expected to close in Q1 2021.

USA | 2016


 Transport and logistic