Published on July 26th, 2017 | by Joe Scott
This Company Is Working To Fix The Problem Of Food Waste
Spoiler Alert has raised $2.5 million for enterprise software that helps manufacturers and farms put excess food inventory to good use, instead of tossing it out.
Since it was founded in 2015, the Boston-based startup has been working with large food producers and farms, including a recent partnership with Sysco Corporation.
The publicly traded juggernaut racks up about $50 billion in revenue annually, selling food and beverages (wholesale) to restaurants, cafeterias and hotels.
Spoiler Alert CEO Ricky Ashenfelter said his startup isn’t doing anything that’s technologically or scientifically groundbreaking, per se — it’s using cloud-based software to connect organizations that simply didn’t coordinate well, namely food producers, logistics companies, food banks and pantries.
The Spoiler Alert platform helps food producers track what they’re getting rid of and attain tax credits for donating that food, when they do, instead of sending it to a landfill.
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