Funding round
GrubMarket Series B
GrubMarket, which works in food wholesale and distribution in United States, raised $20M in a Series B round announced on 4 Aug 2016. 8 firms took part. It is GrubMarket's third venture round on record; the one before was a Series A in Sep 2015.
$20M
Amount raised
Not disclosed
Post-money valuation
8
Investors
no lead named
Valuation
What this round says about the price
GrubMarket did not disclose a valuation in this round. It came 11 months after GrubMarket's Series A. It is 3.5% of the $569M GrubMarket has raised in the venture rounds on record. GrubMarket raised again 23 months later: a Growth round of $32M in Jul 2018. Its next priced round, a Series C in Apr 2019, valued it at $255M.
GrubMarket's funding rounds
GrubMarket has 10 venture rounds on record. This one is highlighted.
- Seed 27 Jan 2015 $2.1M
- Series A 1 Sep 2015, led by Fosun $10M
- Series B this round 4 Aug 2016 $20M
- Growth 10 Jul 2018, led by GGV $32M
- Series C 5 Apr 2019, led by WI Harper Group and Digital Garage $25M$255M post-money
- Series D 5 Oct 2020 $60M$500M post-money
- Series E 16 Nov 2021, led by Tiger Global $200M$1.20B post-money
- Series F 27 Sep 2022, led by 301 Inc $120M$2.19B post-money
- Series G 18 Mar 2025 $50M$3.50B post-money
- Series H+ 2 Feb 2026 $50M$4.55B post-money
Investors
Who put money in
8 firms took part; no lead investor was named.
Investors
- Sound Ventures backs 114 venture-backed companies new investor
- backs 295 venture-backed companies new investor
- Riverhead Capital new investor
- GGV Capital new investor
- Fosun Group new investor
- Danhua Capital new investor
- Gang Wang
- FJ Labs backs 316 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Groceries Delivery:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries Delivery | 29 Aug 2016 | undisclosed | not disclosed | Samena Capital |
| Groceries Delivery | 26 Jul 2016 | $15M | not disclosed | Accolade Partners |
| Groceries Delivery | 23 Dec 2016 | undisclosed | not disclosed | InvestEco |
| Groceries Delivery | 6 Jun 2017 | $40M | not disclosed | Greycroft |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did GrubMarket raise in its Series B round?
GrubMarket raised $20M in its Series B round, announced in Aug 2016.
Which investors took part in GrubMarket's Series B round?
Sound Ventures, Global Founders Capital, Riverhead Capital, GGV Capital, Fosun Group and Danhua Capital and 2 more.
What was GrubMarket's valuation at the Series B round?
It was not disclosed.
Did GrubMarket raise again after this round?
Yes: a Growth round in Jul 2018 of $32M.