GrubMarket Raises $32 Million
GrubMarket, the organic and healthy food delivery service, announced a $32M financing round yesterday. Led by GGV with previous investors Fusion Fund and Great Oaks Venture Capital, the round is a mixture of equity and debt.
It's been a good three years for GrubMarket since closing a successful Wefunder campaign in June 2015. Though the company hasn't publicly disclosed a valuation, it has raised around $64M to date and is expanding rapidly.
This is the first step in what could be an exciting 18 months. In October, GrubMarket plans on expanding its services to the East Coast, setting things up for an IPO in the second half of 2019.
For more details on what GrubMarket has been up to, TechCrunch published a great breakdown.