On-demand delivery startup Postmates has brought on a new round of funding to help roll out service in new markets. The Series B funding round totals $16 million and was led by Spark Capital, with Spark venture partner Nabeel Hyatt joining the board.
Other investors in Postmates include SoftTechVC, Matrix Partners, Crosslink Capital, Scott Banister, Naval Ravikant, Russel Simmons, Thomas Korte, Shervin Pishevar, Dave Morin, and David Sacks. Altogether, the company has raised a little more than $22 million. Read More >>