Prep operates a B2B marketplace that integrates with producers' existing ordering systems to enable low-margin, scalable distribution and added marketing support. The platform uses an AI assistant to help with sales, distribution, forecasting and insights, and is described as five times more scalable. Prep focuses on smaller producers such as bakers, brewers and specialist growers, along with subscription boxes and meal-kit providers, giving them direct access to major wholesalers. Marketplace buyers gain access to hundreds of new brands and use customer data to identify trends. The company delivered over 30,000 cartons in 2023 across NSW, Queensland, Western Australia, South Australia and Singapore and has seen double-digit month-on-month growth. Prep is currently trialing its platform with Australia’s largest grocery chain and counts customers including Sydney Airport, Qantas, WHSmith and Canva.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024