Postman Raises $50 Million in Series B Financing
June 26, 2019

Postman announced the completion of a Series B financing round totaling $50 million.

The funding was led by CRV and included participation by Nexus Venture Partners. CRV General Partner Devdutt Yellurkar has joined the Postman board of directors.

“Postman has created a powerful collaboration platform for the entire API development lifecycle. CRV is deeply involved in the API and microservices space, and we have been tracking Postman from its early days in Bangalore,” said Devdutt Yellurkar, general partner at CRV. “Over the past couple of years, Postman has emerged as a true API development and testing platform and has a very fast-growing developer community. We are looking forward to working with Abhinav, Ankit, Abhijit and the rest of the team at Postman as they build a foundational software company.”

“As software development moves from a code-first to an API-first approach, Postman is evolving as the must-have companion for every developer. It has been a real pleasure to have backed Postman from day one. We are super excited about the journey ahead,” said Postman board member Jishnu Bhattacharjee, managing director of Nexus Venture Partners, which led Postman’s October 2015 Seed & Series A, which totaled $7 million.

Postman CEO and co-founder Abhinav Asthana said, “APIs are the building blocks of effective software – so while software might be eating the world, we know that APIs are eating software. Innovation in APIs will drive the future of software development, and this funding will further accelerate Postman’s growth in the API ecosystem.”

In addition, Postman v7.2 now supports sending GraphQL queries in the request body, GraphQL variables, and GraphQL query autocompletion.

“Adding inbuilt support for GraphQL has been our number two most requested feature on GitHub and we’re excited to bring this popular spec to the Postman app,” stated Asthana. “GraphQL is a crucial spec that has been growing in popularity and we’re excited to support developers whose workflow involves testing GraphQL APIs.”

Additionally, GraphQL support paired with Postman’s recent release of schema support and building APIs directly in Postman means API developers can now create and store GraphQL schemas directly in Postman itself.

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