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Afresh Secures $115 Million In Series B Funding And Rolls Out Its Fresh Food Technology To Thousands Of Stores Across The Us

PRIVATEAug 04, 2022

Amount Raised

$115 Million

Round Type

Series B

San FranciscoFood and BeverageAgriculture and FarmingSoftwareFood And BeverageGroceryRetailFarmingFood Processing

Description

Afresh, the leading AI-powered fresh food technology provider, today announced a $115 million Series B funding round led by Spark Capital and with participation from Insight Partners, VMG Partners, and Bright Pixel Capital. Walter Robb, senior executive partner at S2G Ventures and former Co-CEO of Whole Foods Market also joins the round. All prior investors, including Maersk Growth, High Sage, and Innovation Endeavors also participated in the round, bringing the company's total funding to $148 million.

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Company Information

Company

Afresh

Location

San Francisco, California, United States

About

Afresh is the world's leading Fresh AI company, creating comprehensive and intelligent solutions that are revolutionizing the fresh food supply chain. Afresh is changing the game by helping grocers make smarter, fresh decisions and improving grocers' bottom lines while reducing food waste on the retail floor. Founded in 2017 with the mission to eliminate food waste and make fresh food accessible to all, Afresh is proudly serving national and regional grocery brands across the US. Today, Afresh has announced partnerships with grocers in more than 12,000 store departments and 40 states, including Albertsons Companies, Brookshire Grocery Company, Bashas, Cub Foods, Smart & Final, Meijer, and more.

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Related People

1 contact
Verified contactsNathan F., Co-Founder See plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Afresh raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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