DETROIT, MI, November 7, 2016 – Fontinalis Partners (www.fontinalis.com), a venture capital firm strategically focused on next-generation mobility, announced today that it has invested in Postmates, the leader in on-demand delivery services. Fontinalis Partners participated in the $140 million Series E financing, led by Founders Fund.
Founded in 2009, Fontinalis uniquely invests in thought-leading companies that at the center of next-generation mobility (i.e., the efficient movement of goods, people, and services). Fontinalis works closely with its portfolio companies by leveraging its unique mobility-focused business development resources to help companies scale faster and more efficiently.
Ralph Booth, Founder & Managing Partner of Fontinalis Partners, noted, “Our investment in Postmates represents our continued commitment to supporting the leading companies in next-generation mobility. As the largest and fastest-growing on-demand delivery network, Postmates is setting an exciting new standard for how individuals can efficiently and conveniently access goods. Fontinalis looks forward to working with Postmates and helping the company continue to distinguish itself as the leading innovative delivery service in an increasingly on-demand economy.”
About Fontinalis Partners
Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on next-generation mobility solutions. The firm was founded in 2009 by Bill Ford, Ralph Booth, Chris Cheever, Chris Thomas and Mark Schulz. Fontinalis invests across all facets of next-generation mobility on a stage- and size-agnostic basis. Fontinalis is not affiliated with Ford Motor Company. More information is available at www.fontinalis.com.
Postmates is the leading on-demand logistics provider, operating the largest on-demand delivery fleet in 44 major metropolitan markets in the U.S. Postmates’ overall mission is to power local, on-demand logistics focused on fast deliveries from any type of merchant at scale. The company, founded in 2011, is supported by world-class investors like Founders Fund, Spark Capital, and Tiger Global Management. For more information, please visit www.postmates.com.