Afresh
Summary active Updated May 25, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
About
Afresh is a San Francisco-based AI platform for the grocery industry, focused on fresh food inventory management, forecasting, and supply chain optimization to reduce waste and improve margins 1. Founded in 2017, Afresh operates in more than 12,500 grocery departments across 40 states, partnering with retailers including Albertsons Companies, Meijer, and Wakefern 12. The company reports 70% year-over-year revenue growth in 2025 and says it has prevented more than 200 million pounds of food waste to date 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2022-08-04 | Series B | $115M | Spark Capital | Insight Partners, VMG Partners, Bright Pixel Capital, Maersk Growth, High Sage Ventures, Innovation Endeavors, S2G Ventures 3 |
| 2026-04-21 | Growth | $34M | Just Climate, High Sage Ventures | — 124 |
What Investors Say
No independently sourced investor quotes found.
What Founders Say
“The decisions AI makes in grocery aren’t about optimizing pixels on a screen — they’re about physical products with shelf lives measured in days.”
— Matt Schwartz, Co-Founder & CEO, Afresh 1
Sources
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Afresh, “Afresh Raises $34M to Scale AI Across the Grocery Industry,” April 21, 2026, accessed April 2026. https://www.afresh.com/resources/afresh-raises-34m↩↩↩↩↩
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PR Newswire, “Afresh Raises $34M to Scale AI Across the Grocery Industry – Driving Fresher Food, Stronger Margins, and Less Waste,” April 21, 2026, accessed April 2026. https://www.prnewswire.com/news-releases/afresh-raises-34m-to-scale-ai-across-the-grocery-industry–driving-fresher-food-stronger-margins-and-less-waste-302747794.html↩↩
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Insight Partners, “Afresh Secures $115 Million in Series B Funding and Rolls Out its Fresh Food Technology to Thousands of Stores Across the US,” August 4, 2022, accessed April 2026. https://www.insightpartners.com/ideas/afresh-secures-115-million-in-series-b-funding-and-rolls-out-its-fresh-food-technology-to-thousands-of-stores-across-the-us/↩
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Tech Startups, “Afresh raises $34M to bring AI to grocery supply chains and cut food waste,” April 21, 2026. Accessed May 2026. https://techstartups.com/2026/04/21/afresh-raises-34m-to-bring-ai-to-grocery-supply-chains-and-cut-food-waste/↩