GrubMarket Authorizes Series G Round

On February 26, 2024, GrubMarket, a Prime Unicorn Index component, authorized a new Series G round at $22.79 PPPS. This is a 59% increase from its Series F price of $14.34, valuing the company at $3.07 billion on a pre-money valuation basis.

GrubMarket is a food tech/eCommerce company that provides wholesale services to businesses as well as direct delivery for individual consumers with an aim at connecting food suppliers to customers. The company has also developed an AI-powered software service to “digitally transform businesses throughout the food supply chain.” GrubMarket has raised $493.2 million and was valued at $1.93 billion following its previous round.

GrubMarket most recently raised a $120 million Series F round in 2022, with participation from General Mills, Squarepoint Capital, Grosvenor Food, Y Combinator, Tiger Global, GGV Capital, Battery Ventures, AgTech, Liberty Street, Apeira Capital, Portfolia, Walleye Capital, and Celtic House Asia Partners.