Fundraising

Afresh

Afresh Raises $115M in Series C

2017
Founded
250+
Employees
San Francisco, CA
2 min read

Quick Facts

Afresh Raises $115M in Series C


Afresh has successfully raised $115M in a Series C at a $600M valuation led by Spark Capital, Insight Partners.


Company Overview


Afresh is a AI/ML company headquartered in San Francisco, CA, founded in 2017 with 250+ employees.


AI-powered fresh food inventory management for grocers


Fundraising Details


  • Amount Raised: $115M
  • Round Type: Series C
  • Valuation: $600M
  • Date: 2024-05-24
  • Investors: Spark Capital, Insight Partners

About Afresh


AI-powered fresh food inventory management for grocers The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.


Key Information


  • Headquarters: San Francisco, CA
  • Founded: 2017
  • Team Size: 250+
  • Industry: AI/ML

What This Means


This funding round demonstrates strong investor confidence in Afresh's vision and execution. The capital will likely be used to:


  • Scale Operations: Expand the team and operational capacity
  • Product Development: Enhance existing products and develop new features
  • Market Expansion: Enter new markets and strengthen presence in existing ones
  • Technology Investment: Invest in infrastructure and technology capabilities

Industry Context


The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Afresh's successful fundraising reflects the strong fundamentals and growth potential in this space.


Valuation Milestone


Reaching a $600M valuation marks an important milestone for Afresh, positioning the company among notable players in the AI/ML industry.


Looking Ahead


With this new capital, Afresh is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.


This fundraising news was reported on 2024-05-24. For more information about Afresh, visit their headquarters at San Francisco, CA.

About the Author

Fundraising News Team
Fundraising News Team
Tracking the latest funding rounds and investment news