Claim (Acquired by GrubHub)

claim.co →

-84%

est. 2Y upside i

Sales & MarketingFinTechSeries A

Claim is a viral social shopping platform built to help brands acquire and retain loyal customers. Combining real-time purchase data and cash-back rewards (Claims), our AI-powered algorithm drives. Gen Z to their new favorite restaurants, coffee shops, and brands - delivering high-value, repeat customers.

Rank

#3307

Sector

Marketing Technology, Fintech

Est. Liquidity

~3Y

Data Quality

Data: Medium

The equity opportunity for Claim, now part of Wonder/Grubhub, is characterized by moderate upside but higher risk.

Last updated: March 10, 2026

Bull (15%)+200%

Claim's innovative rewards technology successfully integrates into Grubhub, significantly boosting diner acquisition and retention, and driving substantial market share gains for Wonder/Grubhub against dominant competitors. This leads to a re-rating of Wonder's overall valuation, with Claim's contribution effectively tripling its acquisition value within the larger entity.

Base (45%)+20%

Claim integrates as expected, providing a steady but not transformative boost to Grubhub's loyalty programs. Wonder/Grubhub maintains its competitive position in a challenging market, with Claim's value within the parent company seeing a modest 20% appreciation over the two-year horizon.

Bear (40%)-50%

Claim's integration proves challenging, or its impact on Grubhub's competitive standing is minimal amidst aggressive moves by DoorDash and Uber Eats. Wonder/Grubhub struggles to gain significant traction, leading to a write-down of Claim's effective value within the company by 50%.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Funding Intensity

32%

Claim had raised $20 million in total funding against an estimated valuation of $62 million, resulting in a funding intensity of 32.3%. This indicates a severe preference stack for prior investors if the acquisition price was at or below this valuation.

Dilution Risk

moderate

While Claim's pre-acquisition dilution risk is resolved, new equity in Wonder is subject to Wonder's capital raises, which have been substantial (over $2 billion total funding, $7 billion valuation), indicating potential for future dilution.

Secondary Liquidity

none

There is no indication of active secondary markets or tender offers specifically for Claim's equity post-acquisition, as it is now part of a private entity (Wonder).

Other — 1 role

View all 1 open roles at Claim (Acquired by GrubHub) →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Claim (Acquired by GrubHub)'s data — designed to show you've done your homework.

  • 1

    “How is Wonder measuring the success and ROI of Claim's integration into Grubhub, particularly in terms of diner acquisition, retention, and incremental revenue?”

  • 2

    “Given the intense competition from DoorDash and Uber Eats in both delivery and loyalty programs, what specific strategies will Claim's technology enable Grubhub to pursue for differentiation and market share growth?”

  • 3

    “With Wonder's stated goal of an eventual IPO, how does the company envision Claim's contribution impacting the overall valuation and timeline for a liquidity event for employees holding Wonder equity?”

Community

Valuation Sentiment

Our model estimates -84% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.