FundedIQ
Commerce and Shopping

GrubMarket: Funding, Investors & Team (Oct 2026)

GrubMarket develops a website where sellers can offer foods and other items at wholesale prices to customers. It offers products such as organic foods, vegetables, gluten-free foods, snacks, drinks, pantries, home goods, health and beauty products, baby and kids' products, pets, non-GMO foods, paleo foods, cholesterol-free, and no trans-fat foods. GrubMarket also offers foods from local farms, fisheries, commercial kitchens, certified home kitchens, and restaurants. Mike Xu founded GrubMarket in 2014, with its headquarters in Newark in California with an additional office in San Francisco in California.

www.grubmarket.com LinkedIn San Francisco, United States 51-100 employees
E-Commerce Grocery Internet Marketing Retail Technology
Total raised
$410M
Rounds
3
Latest
Series E
Nov 2021

GrubMarket has raised $410M across 3 funding rounds on record, the most recent a Series E of $200M announced in Nov 2021.

That round is above the $3.6M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.

GrubMarket Company Profile and Key Stats

Total funding raised
$410M
across 3 rounds on record
Funding rounds on record
3
Latest funding round
Series E
$200M in Nov 2021
Employees
51-100
reported band
Headquarters
San Francisco, United States

Latest funding round on record: Nov 2021.

GrubMarket Funding Rounds

Date
Round
Amount
Series E
$200M
Series E
$120M
Undisclosed round
$90.0M

GrubMarket raised $90.0M in an undisclosed round announced in Oct 2020.

11 months later, a Series E of $120M was announced in Sep 2021.

2 months later, a Series E of $200M was announced in Nov 2021.

GrubMarket Founders and Leadership Team

Name
Role
Contact
Mike Xu
CEO
Locked

Contact details for the GrubMarket team: 1 of 1 has an email address on file.

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GrubMarket Funding Compared to Other Commerce and Shopping Startups

Segment
Companies
Median round
30,234
$7.6M
275
$100M

GrubMarket's latest round of $200M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.

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GrubMarket Funding FAQs

What does GrubMarket do?

GrubMarket develops a website where sellers can offer foods and other items at wholesale prices to customers. It offers products such as organic foods, vegetables, gluten-free foods, snacks, drinks, pantries, home goods, health and beauty products, baby and kids' products, pets, non-GMO foods, paleo foods, cholesterol-free, and no trans-fat foods. GrubMarket also offers foods from local farms, fisheries, commercial kitchens, certified home kitchens, and restaurants. Mike Xu founded GrubMarket in 2014, with its headquarters in Newark in California with an additional office in San Francisco in California.

How much funding has GrubMarket raised?

GrubMarket has raised $410M across 3 rounds on record. The most recent is a Series E of $200M announced in Nov 2021.

When did GrubMarket last raise funding?

GrubMarket's most recent funding round on record is a Series E of $200M, announced in Nov 2021.

Who is the CEO of GrubMarket?

Mike Xu is listed as CEO at GrubMarket.

Where is GrubMarket headquartered?

GrubMarket is based in San Francisco, California, United States.

How many employees does GrubMarket have?

GrubMarket is in the 51-100 employee band.

How does GrubMarket's funding compare to other Commerce and Shopping startups?

GrubMarket's latest round of $200M is above the $3.6M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.

About FundedIQ's GrubMarket Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for GrubMarket is left off this page rather than filled in.

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