FreshDirect is a New York-based online fresh food grocer that delivered groceries directly to customers across the greater New York City tri-state area and, at its peak, parts of the Philadelphia metropolitan area and Washington, D.C. Launched in 2002 and operated out of a distribution hub and headquarters at Harlem River Yards in the Bronx, the company built direct relationships with suppliers, growers, and farmers to source produce, meat, fish, and specialty items, fulfilling orders from a refrigerated warehouse using automated order processing. FreshDirect was acquired by Ahold Delhaize and Centerbridge Partners in January 2021, then sold to Turkish rapid-delivery company Getir in November 2023. The business subsequently faced severe financial distress, repeated CEO turnover, and uncertainty following Getir's withdrawal from the U.S. market.
Fresh Direct has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2002
Employees
1,001–5,000
Total Funding
$470M
5 rounds
Secured $100M commercial mortgage loan from UBS to fund technology, AI, and operations investments.
Extends liquidity/runway; a debt facility, not a valuation-setting equity event.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $470M across 5 rounds
Last updated 09-23-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Jun 8, 2026 | Commercial mortgage loan (UBS) Press release | $100M | — | UBS |
| Sep 26, 2016 | Growth equity TechCrunch | $189M | $0.6B | J.P. Morgan Asset Management (PEG Digital Growth Fund II L.P.) |
| Mar 10, 2011 | Strategic — Wm Morrison Supermarkets | $50M | $0.5B *estimated | Wm Morrison Supermarkets plc |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Strategic — Wm Morrison Supermarkets
$500M
Mar 2011
Fresh Direct today
$600M
Sep 2016 · latest mark
Fresh Direct multiple
1.2x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
David McInerney
Co-Founder; Chief Executive Officer 2018 to May 2021
Dave Bass
Managing Director (appointed 2021)
Access live market data
Sign UpData collected with AI, which can make mistakes. Please double-check this information.