Funding round
GrubMarket Series D
GrubMarket, which works in food wholesale and distribution in United States, raised $60M in a Series D round announced on 5 Oct 2020, at a $500M post-money valuation. 12 firms took part. It is GrubMarket's sixth venture round on record; the one before was a Series C in Apr 2019.
$60M
Amount raised
$500M
Post-money valuation
$440M pre-money
12
Investors
no lead named
2.0x
Step-up from the Series C
$255M in Apr 2019
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced GrubMarket at $500M after the new money, 2.0 times the $255M of its Series C (Apr 2019). The $60M bought investors about 12% of the company. It came 18 months after GrubMarket's Series C. It is 11% of the $569M GrubMarket has raised in the venture rounds on record. GrubMarket raised again 13 months later: a Series E round of $200M in Nov 2021, at $1.20B post-money.
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 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 this round 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
12 firms took part; no lead investor was named.
Investors
- BlackRock new investor
- backs 12 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- Mojo Partners new investor
- GGV Capital new investor
- backs 32 venture-backed companies new investor
- Digital Garage new investor
- new investor
- backs 35 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Groceries Delivery:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries Delivery | 21 Jan 2021 | $95M | not disclosed | Insight Partners |
| Groceries Delivery | 4 Jun 2021 | $550M | $7.50B | not named |
| Groceries Delivery | 27 Jul 2021 | $65M | not disclosed | Naver Financial Corporation and Gafina B.V. |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did GrubMarket raise in its Series D round?
GrubMarket raised $60M in its Series D round, announced in Oct 2020.
Which investors took part in GrubMarket's Series D round?
BlackRock, Qstar Capital, Trinity Capital, Celtic House Venture Partners, Marubeni Ventures and Sixty Degree Capital and 6 more.
What was GrubMarket's valuation at the Series D round?
$500M post-money ($440M pre-money).
Did GrubMarket raise again after this round?
Yes: a Series E round in Nov 2021 of $200M at $1.20B post-money.