When was AFS founded?

AFS was founded in 1985 and raised its 1st funding round 22 years after it was founded.

Where is AFS located?

AFS is headquartered in Tampa, United States. It is registered at Phoenix, Arizona.

How many employees does AFS have?

As of May 31, 2026, the latest employee count at AFS is 163.

Is AFS a funded company?

AFS is a funded company, having raised a total of $31.2M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Sep 28, 2007.

When was the latest funding round of AFS?

AFS's latest funding was a $***** Series B round on Nov 05, 2012, with participation from 0 investor.

Where does AFS rank among its competitors?

AFS ranks 112th amongst 2106 active competitors, of which 285 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Prozo, which secured an undisclosed amount in Aug, 2025.

Who are the top competitors of AFS?

AFS's top competitors include Shiprocket, Pickrr Services and aCommerce. Among them, Prozo secured the most recent funding round in August, 2025.

AFS - 2026 Company Profile, Team, Funding & Competitors

AFS is an acquired company based in Tampa (United States), founded in 1985. It operates as a Provider of cloud and AI-based software for logistics. AFS has raised $31.2M in funding from Goldman Sachs. The company has 2106 active competitors, including 285 funded and 199 that have exited. Its top competitors include companies like Shiprocket, Pickrr Services and aCommerce.

Company Details

AFS is a provider of cloud and AI-based software for logistics. Its offerings include software for the management of warehouse operations like asset tracking and tracing, replenishment, loading and shipping, ePODs, delivery and order management, EDI, demand planning and direct store deliveries. It caters to food distributors and CPG companies. Its clients include Nestle, Materne and Carlsberg.

Website: afsi.com
Social
Phone Number: +1 **********
Registered Address: Phoenix, Arizona

Key Metrics

Founded Year

1985

Location

Tampa, United States

Stage

Acquired

Total Funding

$31.2M in 4 rounds

Latest Funding Round

Series B, Nov 05, 2012, $*****

Investors

Goldman Sachs & 8 more

Ranked

112^th among 2106 active competitors

Employee Count

163 as on May 31, 2026

Investment & Acquisitions

Exceedra & 12 more

Similar Companies

Shiprocket & 2072 more

Exit Details

Acquired by Telus (Nov 12, 2020)

View AFS's full profile

AFS is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AFS TECHNOLOGIES HOLDINGS, INC. CIN: 463012176 , United States, Active		-	253 (As on Dec 31, 2021)	-
AFS TECHNOLOGIES, INC. CIN: 860893340 , United States, Active		-	217 (As on Dec 31, 2019)	-

AFS got acquired by Telus on Nov 12, 2020.

Click here to take a look at AFS's acquisition in detail

AFS has raised a total funding of $31.2M over 4 rounds. Its first funding round was on Sep 28, 2007. AFS has 9 institutional investors.

Here is the list of recent funding rounds of AFS:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 05, 2012	6420202	Series B	1495920	7870421	1671030	8501885
Sep 01, 2011	2470728	Series B	8272925	3321664	3787868	3611091
Sep 01, 2011	5307806	Conventional Debt	2922012	7543825	4680904	TPGSpecialtyLending & 1 more

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View details of AFS's funding rounds and investors

AFS's employee count trend

AFS has 163 employees as of May 26. Here is AFS's employee count trend over the years:

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Top competitors of AFS include Shiprocket, Pickrr Services and aCommerce. Here is the list of Top 10 competitors of AFS, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shiprocket 2012, Delhi (India), Public	Provider of e-commerce shipping, fulfillment, marketing, and financial services	$322M	Temasek, Bertelsmann India Investments & 63 others	87/100
2nd	Pickrr Services 2015, Gurugram (India), Acquired	Provider of AI-based logistics management solutions	$16.4M	Ananta Capital, India Infoline & 23 others	78/100
3rd	aCommerce 2013, Bangkok (Thailand), Series C	Provider of end-to-end e-commerce solutions, encompassing management and business insights	$119M	Emerald Media, Sinar Mas & 17 others	73/100
4th	Shippo 2013, San Francisco (United States), Series E	Provider of web-based shipping solution for e-commerce businesses	$154M	Bessemer Venture Partners, Uncork Capital ... & 26 others	72/100
5th	Choco 2018, Berlin (Germany), Series B	Provider of a platform streamlining order and payment processes for distributors	$301M	Bessemer Venture Partners, Coatue & 27 others	71/100
6th	Prozo 2014, Gurugram (India), Series A	Provider of supply chain warehousing, logistics, and order management software	$20.2M	Sixth Sense Ventures, Earlsfield Capital ... & 31 others	70/100
7th	Yoobic 2014, New York City (United States), Series C	AI-powered retail operations platform for frontline teams	$80.3M	Highland Europe, Felix Capital & 3 others	70/100
8th	ShipBob 2014, Chicago (United States), Series E	Provider of e-commerce fulfillment solutions for direct-to-consumer brands	$333M	Bain Capital Ventures, SoftBank Vision Fund ... & 29 others	70/100
9th	Veeqo 2012, Swansea (United Kingdom), Acquired	Provider of multichannel ecommerce shipping software with order and inventory management	$11.5M	Octopus Investments, Messebauer & 7 others	69/100
10th	Pitney Bowes 1920, Stamford (United States), Acquired	Provider of SaaS-based shipping and fulfillment solutions for e-commerce businesses	-	Saratoga Investment, PHI Industrial & 3 others	69/100
112th	AFS 1985, Tampa (United States), Acquired	Provider of cloud and AI-based software for logistics	$31.2M	Wellsfargocapitalfinance, Goldman Sachs & 7 others	46/100

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AFS has not made any investments yet. AFS has made 13 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 28, 2019	Acquisition	Exceedra	1986	London (United Kingdom)
Dec 04, 2014	Acquisition	The POP Company	2006	Shanghai (China)
Jan 13, 2014	Acquisition	Visicom	2006	Bratislava (Slovakia)