M&A Deal Summary

Postmates Acquires Bold

On June 10, 2017, Postmates acquired internet software and services company Bold

Acquisition Highlights
  • This is Postmates’ 3rd transaction in the Internet Software and Services sector.
  • This is Postmates’ 3rd transaction in the United States.
  • This is Postmates’ 3rd transaction in California.

M&A Deal Summary

Date 2017-06-10
Target Bold
Sector Internet Software and Services
Buyer(s) Postmates
Deal Type Add-on Acquisition

Target

Bold

San Francisco, California, United States
Bold is a platform for writing long-form content at work. Use cases include things like engineering tutorials, product specs, memos, onboarding docs. Bold was established in 2015 and is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

Postmates

San Francisco, California, United States

Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

Postmates, Inc. is a provider of urban logistics on-demand delivery platform connects customers with local couriers. The platform gives customers access to the most selection of merchants in the US with more than 600,000 restaurants and retailers available for delivery and pickup, many of which are exclusive to Postmates. The market leader in Los Angeles, Postmates operates in all 50 states. Customers can get free delivery on all merchants by joining Postmates Unlimited, the industry's first subscription service.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-18 Hey

San Francisco, California, United States

Hey, Inc. is an automatic journal application for smartphones that enables users to keep track of the places they visit.

Buy -