GrubMarket Secures $50 Million Series H to Transform the Food Supply Chain with AI Innovations
GrubMarket's New Financial Backing
GrubMarket, an innovative player in the American food supply chain technology landscape, has successfully raised around $50 million in its latest Series H funding round. This significant investment, sourced from various entities including Future Food Fund, Portfolia Funds, and Liberty Street Funds, among others, positions GrubMarket with a pre-money valuation of $4.5 billion. This funding initiative is not merely for survival; rather, it aims to further align the company’s valuation with its unprecedented growth trajectory amidst expanding eCommerce operations and cutting-edge AI advancements.
Recent Achievements
In just a year, GrubMarket has celebrated a series of remarkable achievements. Notably, in June 2025, the company executed its largest acquisition ever—Coast Citrus, known for its extensive offerings of tropical produce. Following this, July saw the rollout of the first-ever Inventory Management AI Agent, designed to enhance operational efficiency for food suppliers. Furthermore, in September 2025, they introduced the Reporting AI Agent, automating business analysis processes for a smarter approach to management.
Additionally, GrubMarket acquired Delta Fresh Produce, a notable Arizona distributor, and Procurant, a top-tier Software-as-a-Service platform which facilitates an impressive $5.5 billion in Gross Merchandise Volume (GMV) annually. With ambitions to further streamline the food supply chain, these major milestones showcase GrubMarket's drive for innovation in the industry.
CEO's Vision
Mike Xu, the CEO of GrubMarket, expressed that while the firm is operating under a self-sustaining model, this investment round presents an opportunity to reflect their true market potency and the strength of their eCommerce growth. Xu emphasized that this funding would accelerate both the advancement of their AI software and overall business expansion on a global scale. Plans include bolstering investments in personnel, technological infrastructures, and future acquisitions.
Technological Advancements and Impact
GrubMarket prides itself on being the sole provider of Enterprise AI solutions tailored for the American food supply chain and is recognized as a pioneer in tech-driven B2B food eCommerce. Their innovative AI-powered software solutions are designed to radically reform current operations within both American and global supply chains. GrubMarket's groundbreaking initiatives have garnered recognition, featuring on the CNBC Disruptor 50 list for three consecutive years (2023-2025) and earning the title of **
Topics Other）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.