Bengaluru- and Austin-based startup Postman, a platform that helps developers build, test, document, and share their APIs at a faster pace, has raised $7 million from Nexus Venture Partners.
The latest round marks the second round of funding for the company after it had raised $1 million from Nexus Venture Partners last year. The earlier round of funding was used to build a stronger collaboration platform. The company plans to use the funds to strengthen the product, focus on the US operations, and hire across the board.
“Every developer in the world will benefit from using Postman,” said Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners and Postman board member. “Postman is at the very center of the industry of connected software and poised for huge growth.”
Founded in 2012 by Abhinav Asthana, Ankit Sobti and Abhijit Kane the startup claims counts Cisco, Netflix, Microsoft, Sony, Paypal as its customers.
Postman was incorporated in 2014 and now had offices in across Bangalore, Austin, and San Francisco. It claims to have over 3 million active installations and more than 1.5 million active monthly users at 30,000 companies.
Nexus Venture Partners is an early-stage investor with investment size ranging from $500,000 to $10 million in early-growth stage companies in the US and India. It has invested in over 70 companies so far including Snapdeal, Runnr, Craftsvilla, Housing and Dhruva.
It also was part in a $9 million funding round by artificial intelligence-powered personal shopping assistant start-up Mezi, where it is an existing investor.