SoftBank contributed to a $65m round for fresh produce marketplace Frubana while KDDI invested in food ordering service Menu at a $228m valuation.


Frubana, the Colombia-based creator of an online marketplace which links food growers and restaurants, received $65m in funding from investors including telecommunications and internet group SoftBank yesterday. The series B round was led by venture capital firm GGV Capital according to Forbes and included Lightspeed Venture Partners, Tiger Global Management and Monashees. All the investors bar Lightspeed had participated in a $25m series A round in April 2020 that increased Frubana’s overall funding to $37m.

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.