Among other things, the subpoena sought documents related to any payments made by donors "directly to contractors and/or vendors" who worked for the committee, the person familiar with the document said.
The investigation is yet another legal threat surrounding the president as he prepares for the State of the Union address on Tuesday.
The subpoena from the Manhattan District Attorney's Office comes grew out of the campaign finance prosecution of Michael Cohen, President Trump's ex-personal lawyer.
Inaugural committee spokeswoman Kristin Celauro said the committee had received the subpoena and was still reviewing it.
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One interesting detail in the news of NY prosecutors subpoenaing documents from President Donald Trump's inaugural committee is the involvement of Stripe, the hot payments platform.
A spokesman for the inauguration committee said they meant to comply with the subpoena.
On Monday, federal prosecutors delivered a subpoena to President Donald Trump's 2017 inauguration committee, the latest development in the many inquiries into Trump related to the 2016 election. Cohen, who Trump has derided as a bumbling lawyer who did little work for him, has slowly emerged over the past year as a key source of legal peril for Trump, organisations he's linked to and his close associates.
It focuses in part on one donor, venture capitalist Imaad Zuberi, and his Los Angeles company Avenue Ventures, which donated $900,000 to the inauguration, according to the Post.
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According to federal election law, foreign nationals are prohibited from donating to a USA inaugural committee.
The $107m raised by Trump's inaugural committee, chaired by real estate developer and investor Thomas Barrack, was the largest in history, according to Federal Election Commission filings. Barrack is not mentioned by name in the subpoena.
A second inaugural committee spokesman, Owen Blicksilver, declined to answer questions about which documents prosecutors requested. Zuberi, who had raised money for President Barack Obama and Hillary Clinton, was reportedly trying to develop a relationship with Trump.
Zuberi has given more than $1.1 million to Trump-backed organizations and has accompanied the foreign minister of Qatar during meetings with Trump officials.
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Barrack's deputy with the inaugural committee, Rick Gates, pleaded guilty past year to conspiracy and making false statements to investigators in a case brought by Mueller.