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About Evolv Ventures
Evolv Ventures is a venture capital firm founded in 2018. It is primarily based out of Chicago, United States. As of May 2022, Evolv Ventures has invested in 11 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and High Tech. Most recently it participated in the $***** Series B round of Oobli Overall, Evolv Ventures portfolio has seen 2 unicorns and 1 acquisition, namely GrubMarket, Parsable and Fabric. A lot of funds co-invest with Evolv Ventures, with names like Alumni Ventures sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Unicorns
Evolv Ventures' List of Top Investments
Evolv Ventures has a portfolio of 11 companies, including 2 unicorns. Their most notable investments are in Flowhub and TRU LUV.Their portfolio spans across United States, Canada, China and 1 more locations. They have invested in Retail, Enterprise Applications, High Tech and 8 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Evolv Ventures:_1583838062930.png?format=webp&height=120&width=120){kind=logo}
1. GrubMarket
Food technology company digitizing the food supply chain through B2B eCommerce. It operates a multi-layer platform that connects wholesale food distribution, B2B eCommerce, direct-to-consumer food delivery, and enterprise SaaS tools for supply chain management. It provides a B2B marketplace that connects growers, wholesalers, distributors, grocers, restaurants, and institutional buyers, enabling access to a wide network of fresh food products at scale.
Key facts about GrubMarket
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $908M
- Employee Count: 116 as on May 31, 2026
- Investors: Millennium Technology Value Partners, AME Cloud Ventures and 101 Others
- Latest Funding Round: Series H, Feb 02, 2026, $*****
- Highlight: Editors' Pick
2. Zippin
Provider of an AI platform for checkout-free shopping experiences in stores. The platform uses machine learning and sensor fusion technology. It allows retailers to deploy automated shopping experiences. The technology aims to increase throughput and decrease labor costs.
Key facts about Zippin
- Founded Year: 2018
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $45M
- Employee Count: 142 as on May 31, 2026
- Investors: Maven Ventures, Core Ventures Group and 12 Others
- Latest Funding Round: Series B, Sep 01, 2021, $*****
- Highlight: Editors' Pick
3. Parsable
Provider of collaboration software solutions for industrial workers. The product is a work order and procedure communication solution with features such as multimedia-based procedures, human insights guidance, real-time data capture, dashboard, etc. The clientele includes Carlsberg, Heineken, Shell, Scientific Drilling, Georgia-Pacific, Zume, etc.
Key facts about Parsable
- Founded Year: 2013
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $133M
- Employee Count: 51 as on May 31, 2026
- Investors: Cisco Investments, Princeville Capital and 21 Others
- Latest Funding Round: Series D, Aug 11, 2020, $*****
- Highlight: Acquired
4. Oobli
Brand of chocolate. The platform offers milk chocolate bar, nuts chocolate, dark chocolate, and more. The platform offers teas.
Key facts about Oobli
- Founded Year: 2014
- Location: Davis (United States)
- Stage: Series B
- Total Funding till date: $50.2M
- Employee Count: 42 as on Mar 31, 2026
- Investors: Flucas Ventures, Khosla Ventures and 11 Others
- Latest Funding Round: Series B, Feb 14, 2025, $*****
5. Outrider
Provider of autonomous systems for automating yard operations at logistics hubs. The integrated system includes management software, autonomous vehicles, and site infrastructure. It focuses on improving efficiency, safety, and sustainability within yard environments. The system aims to automate manual and repetitive tasks, reduce carbon footprint, and improve asset tracking.
Key facts about Outrider
- Founded Year: 2017
- Location: Golden (United States)
- Stage: Series D
- Total Funding till date: $283M
- Employee Count: 162 as on May 31, 2026
- Investors: ADIA, ARK Investment Management and 18 Others
- Latest Funding Round: Series D, Apr 13, 2026, $*****
- Highlight: Editors' Pick
Evolv Ventures' Year-on-Year Investment Trends
Evolv Ventures has invested in 11 companies over the last 7 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Shanghai Fuliu Culture Communication and most recent follow-on round was in Oobli.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 1 | 1 |
2021 | 1 | 2 | 3 |
2020 | 4 | 0 | 4 |
2019 | 4 | 0 | 4 |
Evolv Ventures' Investments by Stage
Evolv Ventures has made 3 investments in Seed stage with an average round size of $3.5M, 3 investments in Series A stage with an average round size of $14M, 1 investment in Series B stage with an average round size of $65M, 1 investment in Series C stage with an average round size of $28.2M and 1 investment in Series D stage with an average round size of $60M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Series B | 1 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Evolv Ventures' Investments by Sector
Evolv Ventures has a diverse portfolio, with companies operating in the Food and Agriculture Tech, Enterprise Applications, HealthTech, High Tech and Vertical SaaS. Notably, it has invested in 10 Tech companies, 6 Enterprise (B2B) companies, 6 Software companies and at least 4 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Food and Agriculture Tech | 4 |
Enterprise Applications | 3 |
HealthTech | 3 |
High Tech | 3 |
Vertical SaaS | 3 |
Others | 13 |
Note: We have considered here, only first round of investments
Evolv Ventures' Investments by Geography
Evolv Ventures has made most investments in United States (7), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 7 |
Canada | 1 |
China | 1 |
Note: We have considered here, only first round of investments
Evolv Ventures' recent investments
Evolv Ventures has not made any investment in 2026 so far.Here are the most recent investments by Evolv Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 27, 2022 | United States | Series B | 9826 | [+5] | |
Nov 22, 2021 | United States | Series A | 9149 | [+11] | |
Sep 01, 2021 | United States | Series B | 8330 | [+2] | |
Aug 25, 2021 | China | Seed | 9789 | ||
Oct 28, 2020 | United States | Series B | 9566 |
Unicorns in Evolv Ventures' Portfolio
Evolv Ventures has 2 unicorns in its portfolio - Fabric and GrubMarket. The most recent unicorn in their portfolio is Fabric. It became a unicorn in 2021, 4 years before Evolv Ventures first invested in it.Here is a list of unicorns in Evolv Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Provider of AI-based robots for logistics micro-fulfillment operations | 2015 | Tel Aviv | Series C | tjfzmas | ||
75 | Food technology company digitizing the food supply chain through B2B eCommerce | 2014 | San Francisco | Series H | cxbvrcy |
Acquired companies in Evolv Ventures' Portfolio
1 company from Evolv Ventures' portfolio has been acquired. The most recent acquisition was Parsable in Sep 2024 by Computer Associates for $*****.Here are Evolv Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | Aug 11, 2020 | Series D | 3350 |
Co-investors of Evolv Ventures
Over the past 7 years, 147 investors have co-invested in Evolv Ventures's portfolio companies. This includes funds and angels.
- Invested before Evolv Ventures: IndieBio, GGV Capital and 48 others have invested in rounds before Evolv Ventures. There are 2 companies where IndieBio has invested before Evolv Ventures and 1 company where GGV Capital has invested before Evolv Ventures.
- Top Co-investors of Evolv Ventures: 38 investors entered a company along with Evolv Ventures. These include investors like Alumni Ventures (2 companies).
- Invested after Evolv Ventures: A total of 59 investors have invested in Evolv Ventures's portfolio after their investments. Top Investors include B37 Ventures (2 companies), BlackRock (1 company) and Celtic House Venture Partners (1 company).
Recent News related to Evolv Ventures
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Joywell Foods raises $25M to bring sweet proteins to marketTechCrunch+•May 27, 2022•Oobli, Piva Capital, Global Brain, B37 Ventures and 9 others
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New Culture Closes on $25M Series A in Support of Animal-Free CheeseGlobal AgInvesting•Nov 24, 2021•New Culture, Ahren, CPT Capital, ADM and 12 others
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Zippin Raises $30M To Accelerate The Adoption Of Checkout-Free TechnologyAiThority•Sep 03, 2021•Zippin, OurCrowd, Maven Ventures, Evolv Ventures and 3 others
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Outrider Reins In $65 Million To Automate Distribution YardsKoch Disruptive Technologies•Dec 09, 2020•Outrider, Koch Disruptive Technologies, New Enterprise Associates, 8VC and 2 others
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Outrider raises $65 million to bring its autonomous tech to distribution yardsTechCrunch+•Oct 28, 2020•Outrider, Koch Disruptive Technologies, 8VC, New Enterprise Associates and 2 others
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Parsable parcels up $60m series DGlobal Corporate Venturing•Aug 13, 2020•Honeywell, Cisco Investments, Saudi Aramco Energy Ventures, Parsable and 3 others
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Parsable Raises $60M in Series D FundingFinSMEs•Aug 11, 2020•Parsable, Activate Capital, Glade Brook Capital, Alumni Ventures and 11 others
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Kraft Heinz leads $6.9M investment in sweet protein companyFood Dive•Jul 21, 2020•Oobli, Evolv Ventures, Khosla Ventures, SOSV
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Joywell Foods Closes $6.9M Series A FinancingFinSMEs•Jul 21, 2020•Oobli, Alumni Ventures, SOSV, Khosla Ventures and 4 others
