SPUD operates Food‑X, a shared e-commerce grocery delivery platform that supplies technology, warehousing, food preparation, and delivery services to multiple third‑party retailer partners. The platform consolidates online fulfillment to lower costs and reduce environmental impact; SPUD says its AI‑enabled processes yield about 0.5% food waste versus 5–6% at typical grocery stores. SPUD opened its first Food‑X warehouse in Burnaby, British Columbia, in August and plans additional warehouse locations in 2019 with ambitions to replicate the technology globally. The company partners with multiple grocers (including a referenced partnership with Walmart) and competes at scale with firms like Ocado while leveraging North American temperature‑zone experience. SPUD was founded in 1997 in Vancouver and employs more than 700 people across its markets. Management emphasizes sustainability initiatives (including a goal to be plastic‑free) and products such as reusable takeout containers that have won recognition.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2018