Food-Waste Tech Company Afresh Raises $115 Million in Funding
- Startup seeks to help grocery stores improve profitability
- Company says its software reduces waste by 25% or more
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Afresh Technologies Inc., which makes software that helps grocery stores reduce food waste, raised $115 million in new funding.
The Series B round was led by Spark Capital. Insight Partners and VMG Partners also participated, along with Walter Robb, a senior executive at S2G Ventures and the former co-chief executive officer of Whole Foods Market. With the new investment, the San Francisco-based company’s total funding has reached $148 million.