Evolv Ventures, the $100 million venture fund backed by Kraft Heinz, has made GrubMarket its first investment. GrubMarket is a platform that sources local food directly from producers and delivers it directly to businesses and consumers. “We’re excited to invest in GrubMarket, a platform that is disrupting the food wholesale market,” said Steve Sanger, General Partner of Evolv Ventures.
Evolv Ventures was formed last October with the mission of investing in emerging tech companies that are "transforming the food industry." The venture fund aims to accelerate Kraft Heinz’s exposure to emerging technologies and businesses and leverage its' position in the industry.