Freshflow, a Berlin, Germany-based AI-powered food supply chain solutions for retailers, announced that it raised €1.7 million in seed funding.
The round was led by world-class investors Capnamic and World Fund, with continued participation from Entrepreneur First and an amazing group of angel investors: Dr. Alexander Mrozek, Felix Fiege, Jens Fiege, Julius Göllner, Kerimca, Wilfried Duteil, and Ahmed Khan.
The funding will allow Freshflow to drive forward our mission of building an intelligent food supply chain and reducing global food waste. And it intends to use the new financing to expand its footprint in Europe with the goal of getting its SaaS into 100 stores.
Company: Freshflow GmbH
Raised: €1.7M
Round: Seed Round
Funding Month: April 2022
Lead Investors: German venture fund Capnamic and European climate tech VC
Additional Investors: Entrepreneur First, Dr. Alexander Mrozek, Felix Fiege, Jens Fiege, Julius Göllner, Kerimcan , Wilfried Duteil, and Ahmed Khan.
Company Website: https://freshflow.ai/
Software Category: AI-powered food supply chain solutions
About the Company: Founded in Berlin by two Machine Learning Scientists, Avik Mukhija and Carmine Paolino, Freshflow is a new way to manage fresh products for grocery retailers, do accurate order forecasting, and replenishment that massively reduce food waste while still keeping shelves full. Reduce global carbon emissions, make fresh food cheaper and more available, and generate millions in profits for our clients. Freshflow already working with the largest grocery retailer in Germany, as well as several online quick grocery retailers across Europe, also in close collaboration with professors at the DKFI, the German Research Center for Artificial Intelligence. At Freshflow, they harness AI to build the food supply chain technology of the future and tackle global food waste. Freshflow’s AI gives fresh departments superpowers, placing the perfect order for every product every day.
Source: https://techcrunch.com/2022/04/21/freshflow-seed/