• Term Sheet - Friday, January 11

    2 monthes ago - By Fortune

    BIG MONEY Another day, another mega-round. On-demand delivery startup Postmates raised $100 million in venture funding from investors including Tiger Global and Blackrock. The deal values the company at approximately $1.85 billion, according to a source familiar with the situation.
    You might remember that just four months ago Term Sheet reported on Postmates' last funding round , which was a whopping $300 million at a $1.2 billion. This is likely the last capital raise before the company goes public. "We have a beautiful path to an IPO in 2019," Postmates CEO Bastian Lehmann told me in...
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