Spoiler Alert adds global logistics leader Maersk as newest investor
Boston technology company expands its supply chain focus, introduces new shrink reduction and food waste diversion offerings for discounts and donations
Boston, MA — October 18, 2018 — Spoiler Alert, the leading provider of software solutions and value-added services geared towards helping food businesses manage unsold inventory, today 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.
About Spoiler Alert
Spoiler Alert is a Boston-based technology company that helps food businesses manage unsold inventory. Spoiler Alert works with operators of food distribution centers and partners with companies such as Sysco and HelloFresh through a software and services model that enables item-level tracking and reporting of food recovery and waste diversion activities, while facilitating food donations, discounted sales, and organics recycling to local, regional, and national networks of outlets. Born out of MIT in 2015 and named to the 2018 Top Green Providers list by Food Logistics magazine, Spoiler Alert is backed by leading food, supply chain, and technology investors. For more information, visit spoileralert.com.
About Maersk Growth
A.P. Moller - Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs roughly 76,000 people. Growth is Maersk's launchpad for new ventures and is part of Maersk's overall efforts to drive the transformation of the transport and logistics industry and shape the future of trade through connecting start-ups and ideas with operational expertise and world-class infrastructure. For more information on Maersk, visit growth.maersk.com.
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