GrubMarket, With Big Operations In LA, Finds $20M For Food Marketplace

GrubMarket, a foood marketplace startup which has nearly half of its employees in Los Angeles, has raised $20M in funding, the company said this week. The San Francisco startup--which says it has 20 employees in LA, and 25 in San Francisco--runs an online and mobile marketplace which connects local farmers and food producers with consumers. Los Angeles is one of the company's launch markets, and the big presence here is a result of the company's acquisition of another, local grocery delivery startup, FarmBox, which it acquired in January. Los Angeles is also home to fast growing Thrive Market, an organic and healthy food grocery service akin to Whole Foods, and has been a very popular location for launching mobile and on-demand services into the national market. The $20M funding came from Sound Ventures, Global Founders Capital, Riverhead Capital, GGV Capital, Fosun Group, Danhua Capital, as well as angels Fabrice Grinda and Gang Wang. More information »