GrubMarket, a San Francisco, CA-based organic food delivery platform, raised $20m in Series B funding.
Backers included Riverhead Capital, Sound Ventures, Global Founders Capital, GGV Capital, Danhua Capital, Fosun Group, Fabrice Grinda and Gang Wang.
The company intends to use the funds to expand its marketing efforts and then continue to expand operations.
Led by CEO Mike Xu, GrubMarket provides an app that allows users to shop for farmers’ market goods, organic food and natural products. The app currently offers over 7,000 vegan, gluten free or non-GMO products including fresh produce, snacks, drinks, healthy & beauty, home goods and more. With orders over $35, deliveries are free.
FinSMEs
15/08/2016