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Afresh Technologies
SaaS for grocery store operations
- 101-200 employees
- Retail
- B2B
- Artificial Intelligence
- Sustainability
- Food
- Logistics
- SaaS
- 116 New Montgomery St, 400, San Francisco, California 94105, US
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Company mission
To eliminate food waste and make fresh food accessible to all.
Insights
Otta's take
Theo Margolius
COO of Otta
Antiquated inventory management systems are detrimental to grocers money and time. Generalized and paper-based systems result in the over-purchase of stock, and this results in waste of fresh food and financial budgets.
Afresh has created an operating system designed specifically to manage inventory and sales of fresh food. The system is powered by AI to help provide forecasting and analysis of inventories, helping grocers stock more economically and thus waste less fresh food.
The company has grown rapidly in recent years, and they have now partnered with over 3,000 stores in 40 states across the US. Clients include Albertsons, WinCo Foods, Heinen's, Save Mart, Bashas, and Cub Foods.
Benefits
- Comprehensive health plans
- Competitive compensation
- Generous parental leave
- Equity packages
- 401k matching
- Flexible vacation policy
- Monthly grocery stipend
- Professional development program
- Monthly physical / mental health stipend
- Work from home stipend
Company values
- Humility - We serve our customers and teammates, and listen to their needs—especially those who don’t look or live like us
- Proactivity - We identify opportunities, own problems, and act with purpose to keep moving forward
- Candor - We believe feedback makes us better and value transparent communication
- Kindness - We care for the entire person and work to create an environment where people feel welcome.
Funding (last 2 of 5 rounds)
Aug 2022
$115m
SERIES B
Nov 2020
$13m
SERIES A
$147.8m
Total funding
This company has top investors
Founders
Matt Schwartz
(Co-Founder & CEO)Worked as a consultant for Bain before going on to pursue their passion for food systems. They also previously founded Statfoods.
Volodymyr Kuleshov
(Co-Founder & Chief Technologist)Has a PhD in computer science from Stanford. Alongside Afresh, they are an assistant professor in the technology department at Cornell.
Nathan Fenner
(Co-Founder)Has a Bachelors, Masters and MBA from Stanford University. Post studying, they became a Lecturer at Stanford in the Mechanical Engineering department before working at liquid robotics.
Diversity & Inclusion at Afresh Technologies
- We’re building belonging
- Diverse perspectives and backgrounds are critical to achieving our mission. We’re creating a workplace where everyone belongs, and team members feel empowered to make a difference while living and working as their authentic selves
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Jobs (2)
Software Engineering