Postmates has raised $140 million in a new round of funding, a huge cash injection to a company that had been struggling to attract users and turn a profit.
Postmates offers delivery of just about anything a person could want, including restaurants that don’t otherwise deliver. The company has a workforce of more than 40,000 people that transports goods on demand.
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The new round was led by Founders Fund, which counts controversial investor Peter Thiel among its partners, the company said in a press release. The firm closed a $1.3 billion fund in March 2016. Read more…