Evolv Ventures, the $100 million venture fund backed by Kraft Heinz, has made its first investment in GrubMarket, a San Francisco-based farm-to-delivery food service.
Evolve is part of a group that invested $25 million in a Series C financing round, according to TechCrunch. The investment was led by WI Harper Group and Digital Garage, along with Evolv Ventures, University Growth Fund, Arancia International Inc, CentreGold Capital, as well as existing investors ACE & Co., GGV Capital, Fusion Fund, Bascom Ventures.
“We’re excited to invest in GrubMarket, a platform that is disrupting the food wholesale market,” Evolv Ventures General Partner Steve Sanger said in a statement. “GrubMarket plans to grow its presence and product offerings through both geographic and product expansion."
Evolv announced the formation of its fund in October 2018.
