Spoiler Alert offers a B2B trading platform connecting food manufacturers and distributors with a network of discount channels to manage food inventory and reduce wastage through discount sales and donation processes for slow-moving and excess food inventory.
In March 2021, Kraft Heinz partnered with Spoiler Alert to improve food waste mitigation efforts after getting its inventory to customers 75% faster by reducing inventory processing time. As of November 2016, Spoiler Alert reported that it had 200 organizations using their service throughout New England, growing by about 15% each month. Some of the popular food companies that use Spoiler alert include Nestle, Campbell Soup Company, and Danone North America.In November 2021 the company reported that its gross transaction value increased 4x during 2021 while maintaining a 0% customer churn rate.
Spoiler Alert raised USD 11 million in a Series A funding round led by Collaborative Fund in November 2021. The fresh funds are expected to be allocated to hire new members to its team and to further develop Spoiler Alert’s platform by expanding its solution offerings.
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