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API deployment platform Postman secures $7Mn in Series A from Nexus Venture Partners

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Postman, a Bangalore headquartered startup, which allows developers to build, test and share APIs, has raised $7 million in its Series A round of funding from Nexus Venture Partners.

This is the second round of funding raised by the company. Last year, in May, the startup had raised $1 million from Nexus Venture Partners, to build a stronger collaboration platform. With these fresh funds, it is now looking to strengthen the product, focus on the US operations, and hire across the board.

Launched in November last year, Postman today has over three million developers using their platform and 1.5 million active monthly users across over 30,000 companies. The startup has a 15-member team across Bangalore, Austin, and San Francisco.

Postman helps developers run, test, document and share APIs quickly, easily and accurately. It provides users with a more effective toolchain for their API development. It counts Box, Walgreens, Intuit, IBM, VMware and Apigee among its users.

The company was founded by Abhinav Asthana, Ankit Sobti, and Abhijit Kane as a side project in 2012. It provides free apps for Chrome, Mac, and Windows to build APIs. For cloud-based API access, there’s payment, and there’s also an enterprise option.

Abhinav Asthana, CEO and co-founder of Postman, said,

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. The need for Postman in an API developer’s workflow will only grow as this market expands.

Postman’s apps are downloaded more than 10,000 times every day. Our tool is for developers, by developers, and our goal is to make the API workflow better for everyone.

Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners and Postman board member, said,

Every developer in the world will benefit from using Postman. Postman is at the very center of the industry of connected software and poised for huge growth.

The company believes that its success mirrors the huge growth of the API industry. According to Programmable Web, the number of public APIs has grown from just over 5,000 in January 2012 to a current count of nearly 16,000.

It is currently working on completing its core product — the API toolchain. toolchain is a suite of products which includes team collaboration tools, API documentation, testing, and monitoring. It is also building an enterprise version of its product for larger organisations that need specific features around security, governance, and account support. The enterprise offering, is expected to roll out by this year’s end.

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