GrubMarket Raises $145M in Series E Funding

GrubMarket Series E Funding Symbol

GrubMarket, a San Francisco CA-based food technology company, raised $145M in Series E funding.

Backers included BlackRock, Liberty Street Funds, Japan Post Capital, Walleye Capital, Celtic House Asia Partners, INP Capital, Pegasus Tech Ventures, RIVC and Gaingels.

This round values GrubMarket at over $1 billion.

The company intends to use the funds to both grow in existing geographies and expand to all major metro markets in North America.

Led by Mike Xu, CEO, GrubMarket is a food supply chain eCommerce company for both business customers and end consumers, and provides related software-as-a-service solutions to digitally transform the American food supply chain. Currently, GrubMarket operates in Arizona, California, Connecticut, Georgia, Michigan, New York, New Jersey, Missouri, Massachusetts, Oregon, Pennsylvania, Texas, Washington and British Columbia (Canada), with plans to expand to other parts of the U.S., Canada, and other parts of the world.

Customers include tens of thousands of grocery stores, restaurants, offices, online food delivery companies, farms and individual consumers.