Funding round
GrubMarket Series F
GrubMarket, which works in food wholesale and distribution in United States, raised $120M in a Series F round announced on 27 Sep 2022, led by 301 Inc, at a $2.19B post-money valuation. 8 firms took part, 7 of them already investors. It is GrubMarket's eighth venture round on record; the one before was a Series E in Nov 2021.
$120M
Amount raised
$2.19B
Post-money valuation
$2.07B pre-money
8
Investors
1 lead
1.8x
Step-up from the Series E
$1.20B in Nov 2021
5.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced GrubMarket at $2.19B after the new money, 1.8 times the $1.20B of its Series E (Nov 2021). The $120M bought investors about 5.5% of the company. It came 10 months after GrubMarket's Series E. It is 21% of the $569M GrubMarket has raised in the venture rounds on record. GrubMarket raised again 30 months later: a Series G round of $50M in Mar 2025, at $3.50B 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 5 Oct 2020 $60M$500M post-money
- Series E 16 Nov 2021, led by Tiger Global $200M$1.20B post-money
- Series F this round 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
301 Inc led the round with 7 other firms. Apeira Capital, Celtic House Asia Partners, Disruptive Ventures and Liberty Street Funds and 3 more had backed GrubMarket before.
Lead investor
- backs 10 venture-backed companies new investor
Also in the round
- Apeira Capital existing investor
- Celtic House Asia Partners existing investor
- backs 2 venture-backed companies existing investor
- Liberty Street Funds existing investor
- backs 3 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- backs 50 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and acquisitions.
- Product development
- Acquisitions
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 5 Sep 2022 | $34M | not disclosed | Cadence Growth Capital |
| Tech Companies | 27 Oct 2022 | $170M | $1.50B | Georgian |
| Tech Companies | 3 Oct 2022 | $146M | not disclosed | Goldman Sachs |
| Contentsquare Tech Companies | 21 Jul 2022 | $600M | $5.60B | Sixth Street |
| Coalition Insurance - Agents, Carriers & Brokers | 8 Jul 2022 | $250M | $5.00B | Allianz X and Valor |
| Industrial Machinery & Supplies | 29 Nov 2022 | $117M | $2.00B | Goldman Sachs Asset Management and G2 Venture Partners |
| project44 Tech Companies | 3 Nov 2022 | $80M | $2.70B | Generation Investment Management and A.P. Moller Holding |
| Dataiku Tech Companies | 13 Dec 2022 | $200M | $3.70B | Wellington Management |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did GrubMarket raise in its Series F round?
GrubMarket raised $120M in its Series F round, announced in Sep 2022.
Who led GrubMarket's Series F round?
301 Inc led it, with Apeira Capital, Celtic House Asia Partners, Disruptive Ventures, Liberty Street Funds and ROC Venture Group and 2 more.
What was GrubMarket's valuation at the Series F round?
$2.19B post-money ($2.07B pre-money).
Did GrubMarket raise again after this round?
Yes: a Series G round in Mar 2025 of $50M at $3.50B post-money.