Nexus Venture backed Postman raises $150 mn from Insight Partners, CRV and others

San Francisco-based leading collaboration platform for API development, Postman has raised $150 million in series C round funding from Insight Partners.

Led by Insight Partners, the new round of funding also saw the participation of existing investors like CRV and Nexus Venture Partners.

Founded by Abhinav Asthana, Ankit Sobti, and Abhijit Kane -Postman is a collaboration platform for API development that allows developers and companies to use built-in tools to design, mock, debug, test, document, monitor and publish APIs all in One Place. Postman works with 10 million developers and over 500K companies, including Fortune 500 companies.

In a statement issued by Abhinav Asthana, Co-founder & CEO of Postman said, “Developers all over the world is rapidly transitioning from the code-first mindset to an API-first mindset with Postman being the center of this revolution.”

Speaking on the Funding, Jeff Horing, co-founder and managing director of Insight Partners said, “Modern-day commerce is driven by API-connected, cloud-based software, and Postman is in the absolute vanguard of companies driving faster and more effective development of solutions across a multitude of industries.”

“The combination of the market opportunity, the management team, and Postman’s proven track record of success shows that they are ready to become the software industry’s next great success,” Jeff said.