TechStars Cloud’s Postmaster Raises $600,000

postmaster_rgb_blue1One of the latest companies to graduate from the TechStars Cloud program, Postmater announced it has raised $600,000 in seed stage funding.
The Austin-based startup has created an online portal for shipping, tracking and saving money on small parcel shipping.
Capital Factory, Cloud Power and Zelkova Ventures led the round along with angel investors. The company plans to use the money to hire developers and work on features of its product.
The Postmaster platform seeks to give businesses the most cost effective way to ship a parcel by using its system which integrates with all the major carriers.
“Traditionally, merchants have been required to integrate with each shipping carrier individually, which is time consuming and costly,” according to Postmaster. “Because the carriers are siloed, it’s difficult to know which shipping carrier and route is best for each package.”
Postmaster solves that problem.
“It’s been an exciting few months for Postmaster. Since our initial public launch in March, we graduated from TechStars Cloud, have been busy building out our product and onboarding beta customers, and forged an exciting partnership with Lonestar Overnight,” Jesse Lovelace, CEO and Co-Founder of Postmaster said in a news release. “With this seed round, we can more quickly develop our product, grow our staff, and bring Postmaster to more ecommerce developers and merchants.”
“APIs are eating the Internet and shipping logistics is next,” Joshua Baer of Capital Factory said in a news release. “No programmer wants to integrate with multiple shipping vendors. Postmaster’s solution saves time in the short term and saves money in the long term. It’s a win-win proposition for any eCommerce site.”
Postmaster also announced it has partnered with regional shipping carrier Lone Star Overnight to offers its services on its online shipping portal. You can read more about the company’s latest moves at TechCrunch.

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