Fresh Direct

The Bronx, NY, United States Consumer Acquired

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.

Acquired

Fresh Direct has been acquired

Acquired by Ahold Delhaize (majority) with Centerbridge Partners (20% minority) Jan 6, 2021 Not disclosed

This company is no longer available on our private secondary market.

Overview

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

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

1 signal
Fundraise Recent amount $100M (debt/loan) 2026-06-08

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

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

DateRoundAmount RaisedValuationLead 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

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$500M 2012 2013 2014 2015 2016 Fresh Direct

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.

Leadership

  • David McInerney

    Co-Founder; Chief Executive Officer 2018 to May 2021

  • Dave Bass

    Managing Director (appointed 2021)

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