Afresh was founded in 2017 by Matthew Schwartz, Nathan Fenner, and Volodymyr Kuleshov. The company has not publicly endorsed plans to participate in an IPO.
Afresh is a fresh food technology platform. The company's AI-powered tools help with all aspects of their operations where fresh food is involved, including ordering, managing inventories, and merchandising. As of August 2022, Afresh reported partnerships with more than 3,000 stores across 40 states. The company has raised more than $145 million in venture capital funding from investors including Spark Capital, Insight Partners, VMG Partners, and Bright Pixel Capital. Afresh did not disclose valuation figures following a $115 million Series B fundraising round in 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/04/2022 | Series B-1 | $8.1MM | $xx.xx | $40.29B | Insight Partners, S2g Ventures, Spark Capital, Vmg Partners | |
Price per Share
$xx.xx
Shares Outstanding
969,144
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Partners, S2g Ventures, Spark Capital, Vmg Partners
|
||||||
08/04/2022 | Series B | $107.92MM | $xx.xx | $40.29B | Insight Partners, S2g Ventures, Spark Capital, Vmg Partners | |
Price per Share
$xx.xx
Shares Outstanding
11,621,495
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Partners, S2g Ventures, Spark Capital, Vmg Partners
|
||||||
11/19/2020 | Series A-2 | $13.52MM | $xx.xx | $10B | Baseline Ventures, Food Retail Ventures, Innovation Endeavors, Maersk Growth | |
Price per Share
$xx.xx
Shares Outstanding
2,887,835
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baseline Ventures, Food Retail Ventures, Innovation Endeavors, Maersk Growth
|
||||||
07/20/2020 | Series A-1 | $12MM | $xx.xx | $5.82B | Baseline Ventures, Food Retail Ventures, Impact Engine, Innovation Endeavors, Maersk Growth | |
Price per Share
$xx.xx
Shares Outstanding
4,604,140
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baseline Ventures, Food Retail Ventures, Impact Engine, Innovation Endeavors, Maersk Growth
|
||||||
04/18/2019 | Series A | $6.3MM | $xx.xx | $2.74B | Baseline Ventures, Innovation Endeavors | |
Price per Share
$xx.xx
Shares Outstanding
3,776,842
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Baseline Ventures, Innovation Endeavors
|
||||||
03/04/2018 | Series Seed | $1.67MM | $xx.xx | $556.67MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,783,326
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|