Bastian Lehmann is the CEO of Postmates, an American logistics company that operates a network of couriers that deliver goods locally.
Life
Bastian Lehmann is a native German who now lives in San Francisco, California.
Career
In February 1999, Lehmann was a network consultant at Westag & Getalit AG. He was responsible in the administration and planning of Windows and Novell based networks, as well as the integration of the SAP/R3 system. Lehmann left the company in March 2000.
In February 2001, Lehmann worked as a Project Manager at Nova D.O.C. and he was also responsible for technical project management. Lehmann was also responsible for the development and execution of one of the first German web-based ring tone and mobile wallpaper, and premium SMS billing solutions. He served the company for almost three years.
In August 2002, Lehmann co-founded cell.com and served as the Chief Operations Officer until May 2004. He built up the M-commerce business unit by establishing direct connections with network operators and aggregators. Lehmann also defined and executed the SMS brokerage business by matching network operators and wholesale clients.
That same year, Lehmann worked as a global account manager at 12snap, a leading mobile marketing agency who has created and cover some of the world’s biggest mobile marketing campaigns for clients like Adidas, Coke, McDonald’s, and Nokia. At 12snap, Lehmann led the Adidas and Deutsche Lufthansa consulting teams; developed the Adidas global mobile marketing brand strategy; has acquired new clients by creating a senior network strategy based upon former brand executives; discussed and formulated a mobile brand strategy for leading brands; and developed and executed the 12snap HBA (Handset-based applications) sales strategy. After two years in service, Lehmann left the company.
Soon after the previous company, Lehmann worked as German country manager at Refresh Mobile Ltd. Lehmann established and managed the German unit of Refresh mobile. During his management, Lehmann has acquired media companies for the Mobizines Plattform, such as das G+J (Financial Times), Rodale Motor Press (Men’s Health), or Computec (PC Games). He also built strategic partnerships with the network operator and mobile marketing agencies; and developed and executed the Mobizines mobile advertising strategy with relevant mobile marketing, creative and media agencies. Lehmann only served the company for a year.
In 2007, Lehmann spent his two years as vice president of product development at Zensify Ltd. Zensify is the new, unique lifestreaming app for the iPhone that lets you easily update, discover, and keep track of what’s important to you across multiple networks.
Prior to Postmates, Lehmann co-founded curated.by with Sam Street in 2009. This has only raised one round of seed funding on September 1, 2010. It offers an app that enables individuals to collect, curate, and organize real-time news and information.
Postmates
In May 2011, Lehmann co-founded Postmates, along with Sam Street and Sean Plaice; and is headquartered in San Francisco, California. Postmates an American logistics company that works a network of couriers who transport goods locally, and was part of AngelPad’s original accelerator cohort.
Funding Rounds
The company has raised $60,000 seed funding from AngelPad. In May 2011, Postmates raised in an Angel round of $750,000 from Andy McLoughlin and other investors including Walter Lee, Uncork Capital, Russell Cook, Russel Simmons, Matrix Partners, David Wu, AngelPad, and Naval Ravikant.
In April 2012, Postmates raised $1.2 million in an Angel round funding from existing investors including Uncork Capital, Matrix Partners, and AngelPad; and investors including Scott Banister, Paige Craig, Jawed Karim, and Crosslink Capital joined this round. In May 2013, Postmates raised $5 million in a Series A round, led by Founders Fund and existing investors including Scott Banister, Founders Fund, Crosslink Capital, and AngelPad. Other newly joined investors, including Jack Abraham and Expansion Venture Capital.
In February 2014, Postmates raised $16 million in a Series B round funding, led by Spark Capital with Spark venture partner Nabeel Hyatt joining the board. Existing investors include Uncork Capital, Matrix Partners, Crosslink Capital, and AngelPad. Slow Ventures also participated in this funding. Postmates began its application programming interface to merchants to support small businesses to bid for delivery of consumer goods with larger companies in In December 2014.
In February 2015, Postmates raised $35 million in a Series C round funding, led by existing investor Spark Capital. Other existing investors include Uncork Capital, Matrix Partners, Founders Fund, and AngelPad. Harmony Partners and Entrée Capital also joined this round. In June 2015, Postmates raised $80 million in a Series D round funding, led by Tiger Global Management, bringing the company’s total funding to date near $140 million. This new round values the company at $450 million or more. Existing investors include Spark Capital and Slow Ventures. Other investors such as Thirty Five Ventures, Huron River Ventures, EquityZen, BluePointe Ventures, and Aslanoba Capital joined this round.
In September 2016, Postmates raised an additional of $140 million in continuation of its Series D round funding led by Founders Fund. Other investors include existing investor AngelPad, G Squared, and 137 Ventures. In December 2017, in a secondary market round, Rashaun Williams of Manhattan Venture Partners invested in Postmates for a disclosed amount.
In September 2018, Postmates raised $300 million in a Series E round funding, led by Tiger Global Management. Tiger’s Scott Schleifer also joined the board of directors. Fortune reported that the deal valued Postmates at $1.2 billion.
In January 2019, Postmates raised $100 million in a Series F round funding, led by Tiger Global Management, BlackRock, and Glynn Capital Management. Existing investor includes EquityZen still joined this round. The new investment values Postmates at $1.85 billion. The company has hired JPMorgan Chase to underwrite its IPO, which is expected in the first half of 2019.