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acre.vc

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Investments

27

Portfolio Exits

1

Funds

3

About Acre Venture Partners

Acre Venture Partners manages an independent fund of Campbell Soup Company to invest in startup food companies.

Acre Venture Partners Headquarter Location

840 Leonard Road

Los Angeles, California, 90049,

United States

310-912-2495

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Expert Collections containing Acre Venture Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Acre Venture Partners in 1 Expert Collection, including Food & Beverage .

F

Food & Beverage

124 items

Latest Acre Venture Partners News

Spoiler Alert ramping up waste prevention efforts

Dec 1, 2021

Photo: Spoiler Alert BOSTON — Food waste mitigation platform Spoiler Alert raised $11 million in a Series A funding round led by Collaborative Fund, with participation from Acre Venture Partners, The Betsy & Jesse Fink Family Foundation, Maersk Growth, Spring Point Partners and Valley Oak Investments. Spoiler Alert helps perishable consumer packaged goods brands manage excess and slow-moving inventory. Working exclusively at the manufacturing plant or distribution center level, it offers a B2B sales platform that enables brands to manage their liquidation process across a private network of discount retailers and nonprofit channels. The capital injection follows a year of rapid growth for the Boston-based software company, which posted more than 400% growth in gross transaction value in 2021. Kraft Heinz Co., Nestle SA, Campbell Soup Co., Danone North America, KeHE and HelloFresh are among the growing list of industry leaders using the platform to manage their B2B liquidation efforts. The company’s success has risen alongside the need for brands to respond to supply chain volatility and the growing urgency of the climate crisis, said Emily Malina, co-founder and chief product officer. “One of our core beliefs is that waste is no longer a necessary or acceptable cost of doing business,” she said. “Everything we do is geared towards moving perishable inventory faster to benefit brands, retailers, consumers and the planet.” Brands that use the platform to sell their excess, short-dated and obsolete inventory have seen increased profitability, added Camila Leal, senior manager of Danone North America’s Zero Waste initiative. “Danone North America has seen significant reductions in finished goods waste and higher returns on its markdown sales program through the introduction of Spoiler Alert's liquidation platform,” she said. Spoiler Alert also is powering opportunistic purchasing for discount retailers and for emerging direct-to-consumer companies. As an example, the company has helped Misfits Market collaborate with vendors and expand its assortment, said Daniel Litwin, vice president of procurement at the sustainability-focused online grocery retailer. Spoiler Alert will use funds from its $11 million Series A round to expand its team. It plans to invest in platform enhancements to move more inventory through diversified channels. Investments in go-to-market efforts to support product category diversification also are on the horizon. “Many Americans continue to depend on discount retail to fight food and hygiene insecurity,” said Ricky Ashenfelter, co-founder and chief executive officer of Spoiler Alert. “I am very proud of what our team has built so far, and we look forward to empowering brands and retailers to continue building loyalty with cost- and climate-conscious consumers” Craig Shapiro, founder and managing partner of Collaborative Fund, will join the company's board as part of the investment

Acre Venture Partners Investments

27 Investments

Acre Venture Partners has made 27 investments. Their latest investment was in Loam Bio as part of their Series A on October 10, 2021.

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Acre Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/28/2021

Series A

Loam Bio

$30.17M

Yes

3

9/10/2021

Seed VC

Ascribe Bioscience

$2.5M

Yes

2

8/4/2021

Series A

Spoiler Alert

$11.34M

No

2

7/7/2021

Series B

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$99M

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10

4/15/2021

Series B

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$99M

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10

Date

10/28/2021

9/10/2021

8/4/2021

7/7/2021

4/15/2021

Round

Series A

Seed VC

Series A

Series B

Series B

Company

Loam Bio

Ascribe Bioscience

Spoiler Alert

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Amount

$30.17M

$2.5M

$11.34M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

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Co-Investors

Sources

3

2

2

10

10

Acre Venture Partners Portfolio Exits

1 Portfolio Exit

Acre Venture Partners has 1 portfolio exit. Their latest portfolio exit was ImpactVision on February 01, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/1/2020

Acquired

Undisclosed Investors

1

Date

2/1/2020

Exit

Acquired

Companies

Valuation

Acquirer

Undisclosed Investors

Sources

1

Acre Venture Partners Fund History

3 Fund Histories

Acre Venture Partners has 3 funds, including Acre Venture Partners SPV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/25/2019

Acre Venture Partners SPV

$5.7M

1

2/18/2016

Acre Venture Partners

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$99M

10

Acre Venture Partners II

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$99M

10

Closing Date

6/25/2019

2/18/2016

Fund

Acre Venture Partners SPV

Acre Venture Partners

Acre Venture Partners II

Fund Type

Subscribe to see more

Subscribe to see more

Status

Amount

$5.7M

$99M

$99M

Sources

1

10

10

Acre Venture Partners Team

1 Team Member

Acre Venture Partners has 1 team member, including current Founder, Managing Partner, Lucas Mann.

Name

Work History

Title

Status

Lucas Mann

Founder, Managing Partner

Current

Name

Lucas Mann

Work History

Title

Founder, Managing Partner

Status

Current

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