Afresh, a San Francisco, CA-based leading AI-powered fresh food technology provider, announced that it raised $115 million in Series B funding.
The round was led by Spark Capital, with participation from Insight Partners, VMG Partners, and Bright Pixel Capital. Walter Robb, a senior executive partner at S2G Ventures and former co-CEO of Whole Foods Market, also joined the round.
All prior investors, including Maersk Growth, High Sage, and Innovation Endeavors, also participated in the round, bringing Afresh's total funding to $148 million.
The fresh funds intend to grow the team, enable further innovation, boost support functions, enhance product functionality, and expand its reach beyond the U.S.
Company: Afresh Technologies, Inc.
Round: Series B
Funding Month: Aug 2022
Lead Investors: Spark Capital
Additional Investors: Insight Partners, VMG Partners, Bright Pixel Capital, and Walter Robb
Company Website: https://www.afresh.com/
Software Category: AI-powered Fresh Operating System
About the Company: Founded in 2017 by Matt Schwartz, Nathan Fenner, and Volodymyr Kuleshov, Afresh is a revolutionary new AI-powered Fresh Operating System that unifies previously disjointed processes from forecasting and inventory to store operations, driving transformative results that help grocery retailers and the planet. Afresh is the first Fresh Operating System built specifically to help grocers increase sales, empower store teams, stock fresher food, and reduce waste. Afresh’s mission is to eliminate food waste and make fresh food accessible to all. The company is headquartered in San Francisco, California.