Series B
$34M
HighSage Ventures · LeadJust Climate · Lead
Open roles0
Total raised$34M
Team size51-200
Founded · Stage2017 · Series B
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About the company
What they build and who they serve.
Afresh is a San Francisco-based AI platform for the grocery industry, founded in 2017 by Matt Schwartz, Nathan Fenner, and Volodymyr Kuleshov. Its software orchestrates store-level ordering, inventory management, production planning, and distribution-center buying across fresh, center store, frozen, and general merchandise. Afresh operates in more than 12,500 departments across 40 U.S. states and partners with grocers including Albertsons Companies, Meijer, Stater Bros., and Wakefern.
Why it matters
Signals from funding, traction, and product direction.
- Round co-led by Just Climate (the climate-led investment business of Generation Investment Management) and HighSage Ventures, with participation from all major existing investors.
- Afresh sustained 70% year-over-year revenue growth in 2025, with more than 60% of its lifetime order volume processed in the past 12 months.
- The platform is live in over 12,500 departments across 40 U.S. states, serving grocers including Albertsons Companies, Meijer, Stater Bros., and Wakefern.
- Reported retailer outcomes include up to a 25% reduction in shrink, a 3% sales lift, a 7% improvement in inventory turns, and more than 200 million pounds of food waste prevented to date.
Funding history
Rounds and investors over time, newest first.
In the news
Press, announcements, and coverage about this company.
Investors
HighSage VenturesJust Climate
Focus areas
B2BSeries BAI/MLEnterprise SoftwareFoodtech
No open roles on the board yet
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