Fundraising Fox
GrubMarket
YC W15YC Top CompanySan Francisco, US · Founded 2014 · Delaware corporation · 4,548 employees · 63 known investors
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GrubMarket is a food tech company operating a B2B and B2C marketplace in the U.S. and Canada, offering both wholesale produce delivery at discounted prices and AI-powered SaaS software solutions for food supply chain businesses including inventory management, warehouse operations, and eCommerce platforms.
Founders & leadership· Y Combinator alumni (W15)
GrubMarket was founded in 2014 by Mike Xu.
Board
Investors · 63
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Also in the syndicate · 5
Funding
SEC filings, press & company announcements$329.1M disclosed across 4 of 6 rounds · 2015–2026
- $50MSeries HFeb 2026 · 3 sources
Flume Ventures, Future Food Fund, Liberty Street Funds, MY Securities, Portfolia Funds, RD Heritage Group
Source ↗ - Undisclosed amountSeries GMar 2025
3Spoke Capital, Joseph Stone Capital, Liberty Street Funds, Pegasus Tech Ventures, Pinegrove Capital Partners, Portfolia, ROC Venture Group
Source ↗
▶$240.8MraisedMar 2022 · 78 investors · RestaurantsRule 506(c)
- Shi ShenghaoDirector
- Minyi XuExecutive Officer, Director, Promoter
- Jie ChenDirector
- Yang WeiDirector
- Danny HadarDirector
- Offering amount
- $240.8M
- Amount sold
- $240.8M
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06c
▶$28.2MraisedMay 2019 · 22 investors · Other TechnologyRule 506(b)
- Lee FanExecutive Officer
- Shih-Chieh TaoExecutive Officer, Director
- Dan RabensExecutive Officer, Director
- Zhun QiuDirector
- Minyi XuExecutive Officer, Director
- Offering amount
- $28.5M
- Amount sold
- $28.2M
- First sale
- Feb 2019
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
▶$10.1MraisedSep 2015 · 38 investors · OtherRule 506(b)
- Zhoujia Brad BaoDirector
- Minyi XuExecutive Officer, Director
- Hans TungDirector
- Offering amount
- $10.1M
- Amount sold
- $10.1M
- First sale
- Aug 2015
- Incorporated
- Corporation, Delaware, 2014
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
The YC application· Winter 2015 batch
Alumni Q&A
- How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)
- The founder started the company self-funded, working a full-time job and building the business in spare time and weekends for about ten months, beginning out of a garage.
Summarized from the founders' answers on their Y Combinator profile.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
4 people who came through GrubMarket went on to found or lead other companies.
Related companies · 10
Companies working in the same space as GrubMarket.
Legal entities · 1
corporate structureIn the news
Frequently asked questions
- What does GrubMarket do?
- GrubMarket is a food tech company operating a B2B and B2C marketplace in the U.S. and Canada, offering both wholesale produce delivery at discounted prices and AI-powered SaaS software solutions for food supply chain businesses including inventory management, warehouse operations, and eCommerce platforms.
- Who founded GrubMarket?
- GrubMarket was founded by Mike Xu in 2014.
- Who are GrubMarket's investors?
- GrubMarket's investors include Alumni Ventures, Bascom Ventures, Battery Ventures, Builders + Backers, Castor Ventures, Celtic House Asia Partners, DG Ventures, Inc., Disruptive Ventures and 50 more.
- How much funding has GrubMarket raised?
- GrubMarket has disclosed $329.1M raised across 4 of its 6 known rounds.
- Where is GrubMarket headquartered?
- GrubMarket is headquartered in San Francisco, US.