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Afresh Secures $115M Series B Round

2022-08-04
SAN FRANCISCO, CA, Afresh, the leading AI-powered fresh food technology provider, today announced a $115 million Series B funding round.
The round was 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.

Afresh is the world's leading fresh technology company. Afresh's AI-powered solutions optimize critical functions in fresh food, including ordering, inventory, merchandising, and operations. Afresh significantly reduces food waste, improves its partners' profitability, and makes fresher, healthier food more accessible to all. Founded in 2017 with the mission to eliminate food waste and make fresh food accessible to all, Afresh has grown rapidly with grocery customers across the US. Today Afresh has announced partnerships with grocers in over 3,000 stores and 40 states, including Albertsons, WinCo Foods, Heinen's, Save Mart, Bashas, Cub Foods, and more.
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