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Postmates said to interview banks for likely next year IPO

On the heels of hitting a $1.2 billion valuation just this previous month, Postmates has now been reported to have interviewed banks for roles in an IPO likely to take place in the first half of next year.

As per the Wall Street Journal, Postmates hasn't yet selected underwriters but is expected to do so in coming weeks. Although Postmates CEO Bastian Lehmann has hinted at an imminent IPO in previous times, No official timing or details have been given surrounding a public offering.

Founded in 2011, Postmates has grown to be one of the leading delivery services now available to 60% of U.S. households following a just recent expansion into 134 more cities. The San Francisco headquartered company has raised nearly $600 million till date with notable backers including Tiger Global,  Founders Fund, Slow Ventures, G Squared, 137 Ventures and basketball superstar Kevin Durant.


WeWork owned Flatiron School joins forces with design school Designation

image credit : Flatiron

Flatiron School, The coding school and bootcamp acquired and operated by co-working giant WeWork has now made a move to expand its service base with an acquisition of Designation, A dedicated User Interface (UI) and User Experience (UX) digital design program based out of Chicago notable for dishing out graduates for several big names including Facebook, Bose, Google, Apple, Capital One, Walgreens, IBM, Yelp, Uptake and several others.

Flatiron was established in 2012 and currently counts 7 campuses across the U.S. and U.K. in addition to an online presence for its enrollees. After raising over $14 million across 2 rounds from the likes of Thrive Capital, Matrix Partners, BoxGroup and CRV, WeWork acquired the firm October last year adding its offerings as another perk for its members.

This acquisition indicates WeWork's mission of furthering its co-working environment with new additions and features being made available to its over 200,000 members.

“Designation and Flatiron School share the same core values and approach to education,” said Flatiron School Co-Founder and CEO Adam Enbar. “Our programs combine technology and community to help students learn no matter their background or prior education. Together, we can help more people build the lives they love through these in-demand careers.”

Financial terms of this deal remain undisclosed as of current. Designation will continue to operate out of WeWork’s Chicago State Street location offering its classes both online and in person while continuing to maintain its brand for the foreseeable future.


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