Afresh, a San Francisco, California–based AI platform for grocery, has raised $34 million in funding.
Investors
The round was co-led by Just Climate and High Sage Ventures, with participation from existing investors.
High Sage Ventures is a Boston-based investment firm backed by permanent capital. The firm partners with world-class operators building competitively advantaged businesses, both private and public, with the goal of compounding per-share value over the long term.
Established by Generation Investment Management, Just Climate is a specialist investment business focused on scaling solutions for the highest-emitting and most off-track sectors of the economy. Its mission is to establish climate-led investing as a capital allocation imperative for institutional investors globally.
Afresh Use of Funds
The company will use the funding to accelerate platform expansion, broaden deployment across retail partners, and invest in next-generation AI capabilities.
About Afresh
Led by CEO Matt Schwartz, Afresh is an AI platform for grocery—built for how grocery operations function, from the fresh perimeter to the center store, and from retail to distribution centers. The platform helps grocers make smarter decisions about what to buy, order, produce, and sell across their entire operations, delivering higher profits, less waste, and fresher food on the shelf. Founded in 2017 with the mission to eliminate food waste and make fresh food accessible to all, Afresh now supports more than 12,500 departments across 40 states. It partners with Albertsons Companies, Stater Bros., Meijer, Wakefern, and others.
Funding Details
Company: Afresh Technologies Inc.
Raised: $34.0M
Round: Unknown
Funding Date: April 2026
Lead Investors: Just Climate, High Sage Ventures
Additional Investors: Existing investors
Company Website: https://www.afresh.com/
Software Category: AI Grocery Supply Chain / Retail Optimization
Source: https://www.afresh.com/resources/afresh-raises-34m