Spoiler Alert provides a B2B liquidation platform that enables food and beverage brands to digitize and manage excess, short-dated, and obsolete inventory across private networks of discount retailers and nonprofit channels. The software focuses on maximizing value recovery, strengthening customer relationships, and improving supply chain effectiveness for perishable consumer packaged goods. Its customers include major global CPG firms such as Nestlé, Kraft Heinz, Campbell Soup Company, and Danone North America. Over the past 12 months the company has seen adoption-driven growth, reporting over 400% growth in gross transaction value and zero customer churn. Spoiler Alert also enables opportunistic purchasing for discount retailers and emerging DTC grocers like Ollie's Bargain Barn and Misfits Market. The company plans to use new funding to expand its team, invest in platform enhancements to move more inventory through diversified channels, and support go-to-market efforts for product category diversification. Spoiler Alert offers a cloud-based software and services platform that enables item-level tracking, reporting of food recovery and waste diversion, and facilitation of donations, discounted sales, and organics recycling. The company integrates with enterprise resource planning and warehouse management systems to give organizations visibility into inventory indicators and reduce waste before products become landfill-bound. Customers include major food distributor Sysco and meal-kit company HelloFresh, with a reported trial that cut HelloFresh's supply-chain food waste by 65%. Spoiler Alert was born out of MIT in 2015 and is based in Boston. The team has launched an accelerator program, FoodTrack, focused on technologies that combat food waste. Management says newly raised proceeds will be used to build out product and engineering teams, expand customer success and business development, and strengthen the management team ahead of a planned Series A in 2019. Founded in 2015 and based in Boston, Spoiler Alert provides cloud-based enterprise software that connects food producers, logistics companies, food banks and pantries to reduce food waste. The platform helps producers track inventory they would otherwise discard, attain tax credits for donations, and sell surplus or "ugly" produce and near-spoilage goods to other businesses at discounted rates. Spoiler Alert positions itself as a secondary wholesale marketplace for food, enabling farms to sell imperfect produce to juice or soup makers and similar buyers. The company has worked with large food producers and farms, including a recent partnership with Sysco Corporation (Sysco reports roughly $50 billion in annual revenue). Spoiler Alert does not operate its own shipping but partners with for-profit and nonprofit organizations that provide temperature-controlled transport. The company plans to use funding to expand its services to food producers and nonprofits across every major U.S. metro area and to broaden support for diverting organic waste to uses like livestock feed or clean energy.

Total raised

$14M

Funding rounds

3

Latest round

Series A

Latest activity

Dec 2021