Afresh, a San Francisco, CA-based AI-powered recent meals expertise supplier, raised $115m in Sequence B funding.
The spherical, which introduced whole funding to $148m, was led by Spark Capital with participation from Perception Companions, VMG Companions, and Brilliant Pixel Capital, Maersk Progress, Excessive Sage, and Innovation Endeavors. Together with the funding, Walter Robb, senior government companion at S2G Ventures and former co-CEO of Entire Meals Market, joined the spherical.
The corporate intends to make use of the funds to scale throughout hundreds extra shops and increase the footprint of its Recent Working System, an environment friendly, versatile answer for forecasting, stock, ordering, and retailer operations, to assist new recent classes like meat and bakery, to develop the workforce and to increase internationally to Europe.
Led by Matt Schwartz, co-founder and CEO, Afresh offers AI-powered options that optimize essential capabilities in recent meals, together with ordering, stock, merchandising, and operations and scale back meals waste, improves companions’ profitability, and makes more healthy meals extra accessible to all. Based in 2017, Afresh has grown quickly with grocery clients throughout the US. At this time Afresh has introduced partnerships with grocers in over 3,000 shops and 40 states, together with Albertsons, WinCo Meals, Heinen’s, Save Mart, Bashas, Cub Meals, and extra.