United States · Series H startup

Who invested in GrubMarket

5 rounds we have observed, with the 55 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AIE-commerceFood & BeverageFoodtech

Raised 9 months agoValuation: $4.5B, Mar 2026Y Combinator: W15

Funding summaryUpdated 5 Nov 2026

$177Mraised across 5 rounds since 2016, from 8 sources

$32MRound$50MGrowth$50MSeries H
Latest round
Series H, $50MFeb 2026
Investors
55 (2 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

201620182020202220242026
$20MSeries B$32MRound$25MSeries C$50MGrowth$50MSeries H
First round
Series B, $20M
Aug 2016
Biggest round
$50M
Series H · Feb 2026
Usual gap between rounds
23 months
the median of 4

The rounds

  1. Feb 2026
  2. Mar 2025
  3. Apr 2019
    Series C$25M7 new3 returning

    Reported by TechCrunchSEC filing: $8.1M sold, first sale Feb 2019

  4. Jul 2018
  5. Aug 2016

Funding filed with regulators

GrubMarket filed 3 raises, $279M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Jun 2021$241M78 investorsequitySEC Form D
  2. Feb 2019$28M22 investorsequityof $29M offeredSEC Form D
  3. Aug 2015$10M38 investorsequitySEC Form D

Founders and team

From the SEC filings it signed: 1 on the team.

  • Minyi XuExecutive Officer, Director, Promoteri

On the board, as filediDanny HadarJie ChenShi ShenghaoYang Wei

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Y CombinatorAccelerator2rounds
Battery VenturesVC firm2rounds
GGV CapitalVC firm2rounds
ACE & CompanyPrivate equity2rounds
The Bascom GroupHedge fund2rounds
Liberty Street FundsInvestment firm2rounds
WI Harper GroupVC firm1round, led 1
Digital Garage (TSE: 4819)Corporate VC1round, led 1
Alumni VenturesVC firm1round
GaingelsPrivate equity1round
BlackRockAsset manager1round
Fabrice GrindaAngel1round
AME Cloud VenturesVC firm1round
UpHonest CapitalVC firm1round
Scrum VenturesVC firm1round
Sound VenturesVC firm1round
Fusion FundVC firm1round
PortfoliaVC firm1round
Jerry YangVC firm1round
Danhua CapitalVC firm1round
TrinityHedge fund1round
Fosun GroupCorporate VC1round
Kevin MooreAngel1round
Future Food FundVC firm1round
CastorCompany1round
Riverhead CapitalInvestment bank1round
Saad AlSogairAngel1round
Flume VenturesVC firm1round
MD PhamAngel1round
Paul HollimanAngel1round
Wang GangGrowth equity1round
3Spoke CapitalGrowth equity1round
CentreGold CapitalVC firm1round
EvolvGrowth equity1round
InnoLinks VenturesVC firm1round
Joseph Stone CapitalGrowth equity1round
MY SecuritiesInvestment firm1round
Pinegrove Capital PartnersGrowth equity1round
Portfolia FundsVC firm1round
RD HERITAGE GROUPFamily office1round
ROC VENTURE GROUPVC firm1round
Arancia Internationalno record of our own yet1round
GGV/ Fusion Fundno record of our own yet1round
Investwideno record of our own yet1round
Jeff Heitzmanno record of our own yet1round
Julien Coustauryno record of our own yet1round
Maxno record of our own yet1round
Reindeer Investmentsno record of our own yet1round
Robert Emrichno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 17 firms list GrubMarket as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Notable CapitalVC firmPer its own site
WI Harper GroupVC firmPer its own site
SAIC Venture CapitalCorporate VCPer its own site
301Corporate VCPer its own site
Pittco ManagementFamily officePer its own site
Aquila Capital PartnersVC firmPer its own site
Builders + BackersVenture studioPer its own site
Celtic House Asia PartnersVC firmPer its own site
Christian EdlerAngel networkPer its own site
Composite VenturesVC firmPer its own site
Flucas VenturesAngel networkPer its own site
GCI CapitalVC firmPer its own site
Gauntlet VenturesVC firmPer its own site
J20 VenturesVC firmPer its own site
Next Act FundAngel networkPer its own site
Step Ahead CapitalVC firmPer its own site
The Brkfst ClubAngel networkPer its own site

Quick answers about GrubMarket

Who invested in GrubMarket?

GrubMarket's investors include Y Combinator, Battery Ventures, GGV Capital, Great Oaks Venture Capital and ACE & Company, and 50 more on record.

How much has GrubMarket raised?

GrubMarket has raised $177M across 5 rounds since 2016.

When did GrubMarket last raise?

GrubMarket's most recent round was a Series H of $50M in Feb 2026.

What was GrubMarket's biggest round?

Its most recent round, $50M in Feb 2026, is also its largest on record.

Who backed GrubMarket first?

GrubMarket's first round on record, in Aug 2016, was backed by Y Combinator, Battery Ventures and Global Founders Capital and 23 others.

What stage is GrubMarket at?

GrubMarket's latest named round is a Series H, in Feb 2026.

Where is GrubMarket based?

GrubMarket is based in the United States.

Who led GrubMarket's rounds?

WI Harper Group led the Series C in 2019.

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