Postmates, a San Francisco-based on-demand delivery service I have been following since their debut in late 2011, has raised $16 million in Series B funding. Spark Capital led the round, with participation from existing investors including Crosslink Capital, Matrix Partners, and SoftTech VC. Postmates provides local delivery service within an hour through its mobile app and network of couriers and is currently available in San Francisco, Seattle, NYC, and Washington, D.C. Postmates has raised $23 million to date and will use the new funds to continue expanding to new cities.
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