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§ Private Profile · San Francisco, CA, USA
AI-powered food supply chain platform connecting farmers to retailers and consumers, offering wholesale eCommerce and online grocery.
GrubMarket is an AI-powered technology platform based in San Francisco, California, that digitally transforms the American food supply chain by connecting farmers, producers, and distributors with retailers and consumers. Operating a hybrid B2B/B2C model, the company has pursued an aggressive acquisition strategy, completing over 60 acquisitions of food distribution and produce companies since 2014 to scale its global operations across 70+ countries. Its subsidiary Procurant facilitates $5.5 billion in annual gross merchandise value for over 850 customers, contributing to GrubMarket's pre-money valuation of $4.5 billion. In February 2026, GrubMarket raised $50 million in Series H financing from investors including Future Food Fund, Portfolia Funds, Liberty Street Funds, and RD Heritage Group. The company was founded in 2014 by Mike Xu.
GrubMarket has raised $631.0M across 11 funding rounds.
Key people at GrubMarket.
GrubMarket was founded in 2014 by Mike Xu (Founder, CEO, and President).
GrubMarket has raised $631.0M in total across 11 funding rounds.
GrubMarket is valued at approximately $45.5M.
GrubMarket is an AI-powered technology enabler and digital transformer of the American food supply chain, operating as both a food eCommerce platform and a provider of specialized AI-driven software solutions for food wholesalers, distributors, and retailers. It builds AI-powered enterprise software products such as AI Orders, Inventory Management AI Agent, and AI Chatbot that automate order processing, inventory management, and customer/vendor support. Serving major customers like Walmart, Costco, and Whole Foods, GrubMarket addresses inefficiencies in the food supply chain by digitizing and automating complex workflows, reducing errors, cutting labor costs, and minimizing food waste. The company has demonstrated strong growth momentum by expanding its AI capabilities, acquiring complementary tech firms, and operating across all 50 U.S. states and parts of Canada and beyond[1][2][5][7].
Founded in 2014 by Mike Xu, GrubMarket emerged from the need to connect farmers directly with consumers and businesses through a digital platform. The founders leveraged their backgrounds in technology and food distribution to create a seamless farm-to-table supply chain solution. Early traction came from successfully serving large grocery retailers and restaurants, which validated the demand for digital transformation in food supply logistics. Over time, GrubMarket evolved from an online grocery seller into a leading AI software provider focused on automating and optimizing food supply chain operations, reflecting a strategic shift toward enterprise AI solutions tailored to the industry’s unique challenges[1][2][5].
GrubMarket rides the wave of AI-driven digital transformation in supply chain management, particularly in the food industry where perishability and complexity create unique operational challenges. The timing is critical as food distributors face increasing pressure to reduce waste, improve efficiency, and meet rising consumer demand for fresh, local food. By pioneering vertical AI solutions tailored to food supply chains, GrubMarket influences the broader ecosystem by setting new standards for automation, data-driven decision-making, and integration of AI in traditional industries. Its innovations contribute to sustainability goals by addressing the 30% annual food waste rate through smarter inventory and order management[2][4][7].
GrubMarket is positioned to deepen its leadership in AI-powered food supply chain technology by expanding its suite of autonomous AI agents and enhancing integration capabilities. Future trends shaping its journey include increased adoption of AI in supply chain resilience, sustainability initiatives, and real-time data analytics. As AI technologies evolve, GrubMarket’s influence is likely to grow beyond the U.S., further digitizing global food supply chains and enabling smarter, more sustainable food distribution. The company’s ongoing innovation in agentic AI workflows and reinforcement learning will likely drive substantial productivity gains and operational transformation across the industry[2][4][7].
Key people at GrubMarket.
GrubMarket has raised $631.0M across 11 funding rounds. Most recently, it raised $50.0M Series H in February 2026 at a valuation of approximately $45.5M.
GrubMarket was founded in 2014 by Mike Xu (Founder, CEO, and President).
GrubMarket has raised $631.0M in total across 11 funding rounds.
GrubMarket is valued at approximately $45.5M.
GrubMarket's investors include Future Food Fund, Flume Ventures, Liberty Street Funds, MY Securities, Portfolia, RD Heritage Group, AME Cloud Ventures, BITKRAFT Ventures, Brkfst Club, Kevin Ding, FJ Labs, Fusion Fund.