14 October 2016, India :
Postman, the company providing the complete API toolchain for developers, today announced Series A round of funding of $7mn from Nexus Venture Partners.
“Every developer in the world will benefit from using Postman,” said Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners and Postman board member. “It is at the very center of the industry of connected software and poised for huge growth.”
Since the introduction of the first Postman app in 2012, It has become the industry standard for Application Programming Interface (API) development, with more than three million active installations and a customer base that includes more than 1.5 million active monthly users at 30,000 companies.
This company growth mirrors the huge growth of the API industry: according to ProgrammableWeb, the number of public APIs has grown from just over 5,000 in January 2012 to a current count of nearly 16,000.
“We created Postman to address issues that I confronted personally as a developer, and our overwhelming market acceptance shows that this was a critical need,” commented Abhinav Asthana, CEO and co-founder of Postman. “The need for Postman in an API developer’s workflow will only grow as this market expands.”
Nexus Venture Partners invest exceptional entrepreneurs in the US and India. The team comprises ex-entrepreneurs who are strong “bottom-up” thinkers and “sleeves rolled up” operators. With decades of experience in building and funding globally leading companies, it manages USD 1.2 billion across funds.
Postman is the essential toolchain for API developers to share, test, document and monitor APIs and is used by more than three million engineers and developers at industry-leading enterprises worldwide. It is an elegant, flexible tool for building connected software via APIs—quickly, easily and accurately