GrubMarket’s Japan Post-backed round received a top up from BlackRock, valuing the online fresh food retailer in excess of $1bn.

US-based online food delivery platform GrubMarket secured $145m yesterday in a series E round that included Japan Post Capital, a corporate venturing subsidiary of postal service Japan Post.

The oversubscribed round valued the company at over $1bn and included funds and accounts managed by BlackRock in addition to Walleye Capital, Liberty Street Funds, INP Capital, Pegasus Tech Ventures, Celtic House Asia Partners, Gaingels, RIVC and unnamed others.

GrubMarket provides a mobile platform where shoppers can order fresh food from farmers…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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