Predict your next investment

Afresh company logo
SOFTWARE (NON-INTERNET/MOBILE) | Retail & Inventory Software
afresh.com

See what CB Insights has to offer

Founded Year

2017

Stage

Series A - III | Alive

Total Raised

$25M

Valuation

$0000 

Last Raised

$13M | 1 yr ago

Mosaic Score

+60 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Afresh

Afresh offers a digital supply chain platform for fresh food and produce industries. The company's platform features AI-powered solutions for ordering, production and merchandising processes.

Afresh Headquarter Location

300 Brannan St

San Francisco, California, 94107,

United States

Latest Afresh News

Afresh Technologies Partners with The Save Mart Companies

Nov 18, 2021

Nov 18, 2021 Afresh Technologies Nov 18, 2021 SAN FRANCISCO  -- Afresh Technologies, an AI-driven technology company building solutions transforming the fresh food supply chain, announced today that it is partnering with The Save Mart Companies, California's largest family owned grocer, on an upcoming pilot program. The Save Mart Companies will bring Afresh's Fresh Operating System into select Save Mart, Lucky California and FoodMaxx stores throughout California. "Afresh is using an innovative approach to solve problems that have historically been overlooked, and we're excited to drive results that support The Save Mart Companies' priorities," said Matt Schwartz, CEO, and co-founder, Afresh. "The Save Mart Companies' stores are already leaders in fresh produce, given their location in the heart of California's agricultural community, and our AI-driven approach will help their stores optimize its produce department." Afresh's system helps supermarkets plan in advance by using AI to analyze previous demand and data trends. This allows grocers to keep fresh food for as little time as possible, reducing their losses and the amount of food waste. According to Afresh Technologies, stores using their programs have reduced food waste by 25%, out of stock inventory by 80%, and increased department sales by 3% on average month after month. Afresh's AI-powered solutions will provide The Save Mart Companies stores with efficient truck-to-shelf ordering and inventory tracking that reduce back stock, help ensure lead ad items are plentiful and in stock and increase the longevity of its fresh produce before it even leaves the store. "Since its inception, The Save Mart Companies has embraced innovation – from distinctive in-store experiences and hyper-local product offerings to a robotic grocery delivery service. Afresh Technologies should boost produce operations efficiency and help support our department managers stock and maintain the freshest product for our shoppers, all while reducing food waste" said Hal Levitt, senior vice president of retail operations and supply chain. Afresh Technologies is a one-stop-shop for all produce ordering, including bulk ordering traditionally done with pen and paper. Afresh delivers order recommendations that increase in-stock rates and improve shelf life, ultimately offering shoppers a better experience. About Afresh Technologies   Afresh is on a mission to eliminate food waste and increase access to fresh, nutritious food with the first Fresh Operating System explicitly built to overcome fresh food's challenges. With Afresh, grocery retailers order billions of dollars of perishables every year while reducing millions of pounds of food waste and increasing sales with fresher food that lasts longer at home. Afresh, headquartered in San Francisco, was founded in 2017 by Matt Schwartz, Nathan Fenner, and Volodymyr Kuleshov. Learn more at  www.afresh.com About The Save Mart Companies Based in the heart of the Central Valley, The Save Mart Companies is committed to sourcing a wide variety of local products and serves communities throughout California and Northern Nevada. The company operates more than 200 stores under the banners of Save Mart, Lucky California and FoodMaxx. In addition to its retail operation, the company also operates Smart Refrigerated Transport and is a partner in Super Store Industries (SSI), which owns and operates a distribution center in Lathrop and the Sunnyside Farms dairy processing plant in Turlock. For more information on the company, please visit:  www.TheSaveMartCompanies.com . SOURCE Afresh Technologies

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Afresh

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Afresh in 2 CB Insights research briefs, most recently on Sep 1, 2021.

Expert Collections containing Afresh

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Afresh is included in 6 Expert Collections, including In-Store Retail Tech.

I

In-Store Retail Tech

1,468 items

Startups aiming to work with retailers to improve brick-and-mortar retail operations.

S

Supply Chain & Logistics Tech

3,723 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

G

Grocery Retail Tech

300 items

Startups providing B2B solutions to grocery businesses to improve their store and omni-channel performance. Includes customer analytics platforms, in-store robots, predictive inventory management systems, online enablement for grocers and consumables retailers, and more.

F

Food Waste

222 items

Startups that help tackle food waste along the food value chain.

A

Artificial Intelligence

7,904 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

C

Conference Exhibitors

5,302 items

Afresh Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Afresh Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.