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-Afresh is addressing this enormous problem which leads to expensive losses for grocers and significant impact to the environment. Its groundbreaking technology has resulted in up to a 50% reduction of in-store food waste. Afresh is a Series A startup based in San Francisco that was founded by Matt Schwartz, Nathan Fenner, and Volodymyr Kuleshov. The company came together when they were graduate students at Stanford and was founded as a company in early 2017.
Date | Amount | Type | Investors | Valuation |
---|---|---|---|---|
07/20/20 | $12,000,000 | Series A |
Baseline Ventures Food Retail Ventures Impact Engine Innovation Endeavors Maersk Growth | undisclosed |
11/19/20 | $13,000,000 | Series A Extension |
Baseline Ventures Food Retail Ventures Innovation Endeavors Maersk Growth | undisclosed |
08/04/22 | $115,000,000 | Series B |
Bright Pixel Capital High Sage Innovation Endeavors Insight Partners Maersk Growth Spark Capital VMG Partners Walter Robb | undisclosed |