Readying an IPO, Postmates secures $225M from private equity firm GPI Capital

Readying an IPO, Postmates secures $225M from private equity firm GPI Capital

5 years ago
Anonymous $4ckUSNo_FL

https://techcrunch.com/2019/09/19/readying-an-ipo-postmates-secures-225m-from-private-equity-firm-gpi-capital/

Postmates, the popular food delivery service, has raised another $225 million at a valuation of $2.4 billion ahead of an imminent initial public offering, the company confirmed to TechCrunch on Thursday.

Private equity firm GPI Capital has led the investment, first reported by Forbes, which brings Postmates total funding to nearly $1 billion. GPI takes non-controlling stakes — between 2% and 20% — in both late-stage private companies and publicly-listed ventures.