GrubMarket, a food logistics firm based in San Francisco, has raised US$50 million in a series G funding round.

This investment values the company at over US$3.5 billion and includes participation from several investors, including Liberty Street Funds, 3Spoke Capital, and ROC Venture Group.

Founded in 2014, GrubMarket operates across all 50 US states, Canada, and more than 70 other countries.

The company employs over 12,000 people and reported revenues exceeding US$2 billion in 2024, according to CEO Mike Xu.