Afresh, a company dedicated to eliminating food waste and making fresh food accessible to all, has secured $115.0 million in new funding from investors. This significant capital raise highlights investor confidence in Afresh's mission and its purpose-built AI-powered, end-to-end solution, which is revolutionizing the fresh supply chain.
Afresh's platform addresses core challenges within the fresh food sector, including data inconsistencies, unpredictable demand, and operational disconnects. By optimizing fresh decision-making, the solution drives unprecedented efficiency and profitability for retailers. The technology is currently deployed across more than 12,000 North American stores, partnering with major retailers such as Albertsons, Fresh Thyme, and Stater Bros. To date, Afresh has helped its partners prevent 200 million pounds of food from going to waste.
This funding round is a pivotal moment for Afresh as it seeks to further scale its impact and expand its technological leadership. The company plans to deploy the newly raised capital to accelerate its growth initiatives, including expanding its product offerings and increasing its market reach within the retail sector. The investment will support Afresh's ongoing efforts to enhance its AI capabilities and deliver even greater value to its retail partners.
Looking ahead, Afresh aims to continue its trajectory of growth, leveraging its software to create substantial social impact by further reducing food waste and improving fresh food accessibility across the industry.
