Spoiler Alert, the leading provider of software solutions and value-added services geared towards helping food businesses manage unsold inventory, yesterday (18/10/2018) announced that A.P. Moller Maersk (“Maersk”), the world’s largest transporter of food, has invested in the company as part of a strategic round of financing. The additional funding will allow Spoiler Alert to accelerate product development and expand the company’s Engineering, Customer, and Sales teams.
“Historically, our core software suite has provided food companies with the ability to track and manage unsold products across donation and recycling outlets,” says Emily Malina, Spoiler Alert’s Chief Product Officer. Spoiler Alert recently debuted a new Inventory module that supports greater integration with food company’s enterprise resource planning (ERP) and warehouse management systems. “Our new capabilities are increasingly predictive and preventative in nature, allowing customers to anticipate shrink before it happens and providing them with dynamic tools that strategically introduce discounted sales channels into their portfolio of value recovery options,” says Malina.
Peter Jorgensen, Venture Partner at Maersk Growth and leader of its Fight Food Waste team, joins Valley Oak Investments and Acre Venture Partners on Spoiler Alert’s board. “Maersk is thrilled to be backing Spoiler Alert in this next phase of growth,” says Jorgensen. “We are extremely bullish on their ability to distill insights from companies’ inventory and waste data and introduce real-time decision-making capabilities for their customers.”
“Since starting Spoiler Alert in 2015, we’ve been committed to building an enduring company that operates across global supply chains, not just here in the United States” says Spoiler Alert CEO Ricky Ashenfelter. “Maersk offers unparalleled logistics expertise, as well as access to thousands of food brands that leverage its transportation and supply chain services to move perishable product around the world.”
Operators of distribution and fulfillment centers across the food manufacturing, wholesale distribution, grocery retail, and e-commerce industries leverage Spoiler Alert’s technology suite to garner item-level insights into surplus and distressed inventory while tapping into curated local, regional, and national networks of discount, donation, and recycling outlets. Over the last two years, Spoiler Alert has expanded its work to distribution and fulfillment centers across the U.S., citing industry leaders such as Sysco, HelloFresh, and several undisclosed Fortune 500 food companies as customers, along with an expanding network of closeout buyers and hunger relief organizations.
