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Afresh Raises $13 Million in New Funding and Welcomes Former CEO of Ahold USA as New Board Member

Nov 19, 2020•over 4 years ago

Amount Raised

$13 Million

San Francisco

Description

Afresh, the first artificial intelligence-powered fresh food optimization platform for grocers, announced today that the company has raised $13 million in new funding. Afresh also welcomes grocery industry veteran James McCann, CEO of Food Retail Ventures and former CEO of Ahold USA, as a new member of its Board of Directors. The new funding is a Series A extension that was sparked by inbound investor interest thanks to new customer growth. The round was led by Food Retail Ventures and joined by existing investors Innovation Endeavors, Maersk Growth, and Baseline Ventures.

Company Information

Company

Afresh® Technologies

Location

San Francisco, California, United States

About

Afresh Technologies develops A.I.-powered solutions that optimize merchandising, ordering, and operations for all fresh departments. Afresh significantly reduces food waste, improves its partners' profitability, and makes fresher, healthier food more accessible to all. One-third of all food is thrown away each year, and Afresh is addressing this enormous problem, which leads to expensive losses for grocers and significant impacts to the environment. Afresh is a Series A startup based in San Francisco that was founded in 2017 by Matt Schwartz, Nathan Fenner, and Volodymyr Kuleshov. Learn more at www.afresh.com.

FundzWatch™ Score

Medium Activity

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech