Vori provides an operating system tailored for grocery retailers, aimed at enhancing efficiency by centralizing data and digitizing workflows. The platform connects various data points across the food supply chain, allowing grocery stores to transition from paper-based processes to digital management. This service is particularly beneficial for independent grocery retailers seeking to streamline operations and improve competitiveness in the market. Vori integrates its software with existing systems like BRData and QuickBooks, reducing fragmentation and enabling better inventory and supply chain management from a single platform. The company generates revenue through software usage fees, which help clients achieve cost savings and operational efficiency. Founded in 2019 by Tori and Leon Hill, Vori has quickly gained traction and secured $10 million in funding to further its mission of transforming the grocery retail industry.

E²JDJ

Greylock Partners

Factory

MKT1

Food & Agriculture

Consumer Software

Vori

Vori, the only modern operating system for the grocery industry and maker of VoriOS, the grocery point-of-sale system and store management platform, announced the appointment of Ellery Fink as Head of Operations.

Vori Appoints Former Toast Leader as Head of Operations

"VoriOS even puts a pricing coordinator, a CFO, and a marketing director in the owner's back pocket." said Brandon Hill, CEO and a co-founder of Vori

Vori Unveils Vorios: The Revolutionary Ai-Powered Point-Of-Sale System And Back Office Suite For Independent Grocers, Connecting Data Across The Food Supply Chain

Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder.Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research reports.Reversing the world’s massive food waste problem could produce enough to feed 2 billion people. It’s also a top solution for mitigating climate change, says non-profit think tank ReFed.“More businesses are recognizing the impacts food waste solutions can have on sustainability goals as well as the opportunities they offer for investment returns,” the organization noted in a special food waste management section of AgFunder’s Global Agrifoodtech Investment Report 2023.Data from the new report shows a drop in investments in North America for food waste mitigation solutions. In 2022, startups raised $1.7 billion, down from $2 billion in 2021. The number of deals also fell, to 117, the lowest deal count since 2018.However, this does not include the deal value for the Misfits Market and Imperfect Foods merger, whose size remains undisclosed. Including this deal, AgFunder estimates that the total level of investment for 2022 is likely around $2 billion, roughly in line with 2021.Outside of that deal, the decline in both funding and deals was driven largely by the macro environment and is in line with overall numbers for agrifoodtech investment.Top food waste deals of 2022Investors poured money almost equally into the Recycling and Prevention categories of food waste mitigation. Some of the top deals included:Afresh secured $115 million to help food retailers cut waste by optimizing their inventory strategy.Anuvia Plant Nutrients , which upcycles o rganic waste into agricultural inputs, secured $65.5 million., which upcycles o Bioveritas landed $65 million and uses fermentation to upcycle waste to clean-label ingredients.Restaurant-focused startups helping food service companies improve efficiency and reduce waste included PreciTaste , which landed $24 million, and Galley with $14.2 million., Better Origin (Entomics), which uses insects to turn food waste into animal feed, secured $16 million.Another food retail operations platform, Vori , landed $10 million.Supply chain and logistics providers Wheelocity secured $9.6 million.Surplus food management platform Goodr raised $7.8 million.Shelf-life extending packaging tool Ryp Labs ( StixFresh ) raised $7.2 million.Over the years, more funding has gone into food waste prevention solutions compared to downstream (close to the consumer) options like redistributing surplus food, which has historically received minimal funding.In 2022, investors shifted focus to recycling solutions, as evidenced by Goodr’s $10 million raise, the largest the segment has garnered since 2018.While ReFed’s focus is only on North America, the food waste issue is a worldwide problem prompting a variety of responses around the globe

Data Snapshot: Vcs Bet On Upcycling, Insects And Inventory Management Software To Cut Food Waste In 2022

New data from Google shows grocery shoppers were acutely impacted by product shortages this year. According to the 2022 edition of the technology company’s “Year in Search,” shortages were on consumers’ minds. Among the top-10 searches for shortages throughout the year included queries for baby formula, sriracha shortage, cream cheese, avocados and lettuce. These searches turn up articles on how the shortages originated, how consumers are responding and predictions for the future, among other content. These findings indicate that consumers’ shopping experiences were significantly impacted by the challenges grocers had keeping shelves stocked — and grocers should take note. After all, this factor is one of the key considerations influencing where shoppers get their food

Grocery Shoppers Flocked To Web For Product Shortage Solutions

There’s one issue I have started to see more and more often: Startup founders, in their desperation to show how big their markets are, overstep the mark significantly, claiming numbers for their TAM/SAM/SOM that are unobtainable and absurd. I get it: You want to seem like you’re building a very valuable company. But in the pitch process, you still have to maintain a sense of honesty

Nice Try, Startup, But That'S Not Your Serviceable Obtainable Market (Som)

ピックアップ：Announcing $115 Million Series B Funding Round for Afresh. ニュースサマリ：AI を活用した生鮮食品管理システムを開発する「Afresh」は8月4日、1億1,500万ドルのシリーズ Bの資金調達を発表した。Spark CapitalがリードでInsight Partners、VMG Partners、Bright Pixel Capital、Whole Foods Marketの元共同CEOであるWalter Robb氏が個人としてが参加している。また、これまでに出資したMaersk Growth、High Sage、Innovation Endeavorsなど既存投資家も全て参加した。

Aiでサプライチェーン改善、食品ロスを減らす「Afresh」

Digital B2B grocery supply chain-focused inventory management platform Vori has wrapped up a Series A funding round totaling $10 million that the company will use to improve talent acquisition, expand its United States operations and broaden its product offerings. Vori will soon launch Vori Back Office to allow more independent grocery retailers nationwide to use its supply chain technology, according to a Wednesday (Aug. 3) press release. The company digitizes traditionally manual processes, undocumented knowledge and analog data, which allows grocers to reorder stock by scanning shelf tags. They can also order quantities and price items based on supplier cost changes and customer purchasing patterns

Vori Raises $10M For Grocery Store Inventory Management

EAST PALO ALTO, Calif. (PRWEB) August 03, 2022 

 Vori, the revolutionary digital B2B inventory management platform optimizing the grocery supply chain, today announced the completion of a $10 milli

Vori Secures $10 Million in Series A Funding to Transform Grocery Stor

Vori launched the first On Deck fellowship in 2019.

On Deck’s Top 100 Companies of 2022

Vori, the digital B2B operating system optimizing the grocery supply chain, today announced that it has expanded its Black-owned, women-led team with the appointment of Jennifer Shawgo as Head of Sales.

Vori

Operating system for grocery retailers

Vori

Operating system for grocery retailers

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