B2B marketplace and AI/software platform for food suppliers, distributors, grocers, and restaurants.
GrubMarket is a B2B food-supply marketplace and SaaS/AI platform serving thousands of suppliers, distributors, grocers, and restaurants across North America. The company hit a $4.5B pre-money valuation in its October 2025 Series H, up from $3.5B earlier the same year, on revenue of roughly $2B annually.
Food Tech📍 San Francisco, USAFounded 2014
Current Valuation
$4.5B
as of 2025-Q4
UNICORN
QL Price
$4.5B
0% vs last round
QuantLogix's current estimate for GrubMarket, published 2026-10-09 — in line with the last disclosed round of $4.5B (2026-01).
Confidence
low
Basis
round anchored
What backs this price
Last disclosed round
$4.5B
2026-01
weight 0.59
How this price has held up
No round has priced for GrubMarket since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-09 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, GrubMarket, 2026-10-09 (3116504336d066ed).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookrumored
Is GrubMarket going public in 2026?
An IPO is rumored for 2026, with nothing filed. GrubMarket remains private and the date is not the company's.
What is GrubMarket's valuation in 2026?
GrubMarket is valued at $4.5B as of 2025-Q4, set by its Series H ($50M, Oct 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has GrubMarket filed an S-1?
No public S-1 is on file for GrubMarket as of 10/09/2026; the IPO is rumored.
GrubMarket has raised $600M in total, most recently a Series H of $50M in Oct 2025.
Is GrubMarket publicly traded — can you buy GrubMarket stock?
No. GrubMarket is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for GrubMarket on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Mike Xu
Founded
2014
HQ
San Francisco, USA
Employees
~1,500
Total Raised
$600M
Est. Revenue
$2.0B (2023-Q4)
Last Round
Series H — $50M (Oct 2025) · Lead: Undisclosed
IPO Status
rumored
Fundraising Status
Series H · $50M · 1y ago
rumoredTotal raised $600M
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series H
$50M
Oct 2025
Undisclosed
—
Talent Signal
No public careers page or job board could be found for GrubMarket as of 2026-09-15. That itself is a datapoint: no open external hiring surface.
Checked the company site and major hosted job boards. Re-checked monthly.
Founders & Key People
Mike Xu
Investors
Tiger Global · BlackRock · ICONIQ Capital · GGV Capital · Apeiron Investment Group · Reimagined Ventures
Products
WholesaleWare ERP
GrubMarket online grocery
AI logistics suite
Food supply chain software
Competitors
Cheetah · Choco · Sysco · US Foods · Pod Foods
food-techb2b-marketplacesupply-chainaigrocery
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q4. Refreshed quarterly.