Afresh Technologies Raises $12 Million In New Funding

Afresh Technologies Raises $12 Million In New Funding

by NeoTech Post

Afresh Technologies, an artificial intelligence-powered fresh food optimization platform for grocers, announced a new $12 million Series A follow-on round of funding.

The round, which brings the company’s total amount raised to $20 million, was led by returning investor Innovation Endeavors with participation from Food Retail Ventures, Maersk Growth, Impact Engine, and existing investor Baseline Ventures.

“Our technologies make it easier for grocers to manage all aspects of their fresh departments, and, in doing so, dramatically expand their profitability by preventing millions and millions of pounds of food waste,” said Matt Schwartz, CEO, and co-founder of Afresh.

“We’re excited to use this new funding to bring Afresh to more grocers across the country and around the world.”