Shelf Engine is transforming the food supply chain by helping grocery stores increase profit margins while drastically reducing food and beverage waste. Using machine learning, Shelf Engine forecasts demand for highly perishable foods, reducing waste and out-of-stocks. Shelf Engine's unique business model handles the entire ordering process from vendor management to shelf optimization, saving retailers money and reducing risk by buying back any remaining unsold items. Launched in 2015, Seattle-based Shelf Engine has more than 145 employees and manages orders for leading grocers at thousands of locations nationwide.
Date | Amount | Type | Investors | Valuation |
---|---|---|---|---|
03/18/21 | $41,000,000 | Series B |
1984 Ventures Correlation Ventures Firebolt Ventures Foundation Capital Founder's Co-op GGV Capital Initialized Capital SOMA Capital | undisclosed |
09/21/21 | undisclosed | Strategic |
Ellen DeGeneres Plus Capital Portia de Rossi Shaun White Shawn Mendes | undisclosed |