Additional $14M
further fuels the company's growth with a focus on innovation and
technology.
SAN
FRANCISCO, May 9, 2024 /PRNewswire/ -- Cheetah
Technologies, a restaurant supply technology and food distribution
innovator, officially announced the appointment of their new CEO,
technology and operations veteran, Kim
Spalding. Over the last several months, Spalding and the
Cheetah board collaborated on an additional $14M round of funding, focused on the continued
development and scaling of the company's technology
platform.
Spalding comes from esteemed posts at the likes of Google,
Starbucks, and McKinsey. Over the past 25 years, she has shown a
deep understanding of operational change management, process
discipline, and innovative technology solutions to build value for
shareholders and drive growth for businesses.
"I've been fortunate to work with several companies that have
had a tremendous impact on a global scale. Those experiences have
prepared me for what could be one of my biggest challenges yet,
tackling the food supply chain through technology," said Spalding.
"The challenges facing this industry impact everyone on the planet,
daily. Cheetah's technology was built to improve the entire
foodservice industry by offering transparency, structuring and
sharing data, and enabling excellent service. With scale, that can
positively impact millions of small business owners, employees, and
their customers."
Cheetah's investors showed their support and excitement for
Spalding's appointment and the business's trajectory with closing
an additional $14M in funding focused
on further strengthening their technology platform and its growth
opportunity.
"The $400B restaurant
supply chain market is fragmented, strife with low NPS scores, and
therefore, is in dire need of transformation," said Charly Mwangi, Partner at Eclipse. "Paired with
Cheetah's technology and density of talent, Kim Spalding brings the experience and
operational skills needed to tackle this complex problem. Kim's
appointment and Cheetah's latest round of funding will
help propel the team forward in a meaningful way as they work
towards their mission of transforming the foodservice
industry."
"Kim could not be more perfectly positioned for this
opportunity, which is why we were eager to participate in another
round of financing focused on advancing Cheetah's technology
stack," added Paul Buser, Co-Founder
and co-CEO of Sator Grove. "We believe in spending quality time
with quality people on game-changing solutions for customers. Kim
and Cheetah check all of those boxes for us."
Before joining Cheetah, Spalding was the SVP of Ocean Network
Strategy & Platforms at Maersk where she led strategic
investments in the ocean network and new product innovation. Prior
to taking that role, she was the CEO of TradeLens, an enterprise
SaaS start-up backed by IBM and Maersk to provide secure supply
chain visibility using blockchain technology. Spalding served as
the General Manager of Ads for Local Businesses and Emerging
Markets at Google (2015-2022), including Travel Ads, Local
Services, and Maps Monetization. She also served as a VP of Global
Coffee and various operations and product roles at Starbucks,
including the introduction of mobile payment on the Starbucks
App.
Spalding's history is a legacy of successful operations, winning
businesses, and market-leading brands. She brings a wealth of
experience and vision to Cheetah's mission of transforming the
foodservice industry through digitization and data
visualization.
About Cheetah
Cheetah is the first restaurant supply app, providing the
simplest, most affordable way for restaurants to get their daily
supplies. Cheetah's technology was developed to solve the complex
issues facing foodservice distribution including supply chain
management, logistics optimization, data analytics, and purchasing
algorithms which enhance efficiency and profitability for every
partner in the channel. Proprietary solutions connect multiple
supply-side systems with in-house sales software bringing a lean,
efficient, and reliable approach to the foodservice ecosystem. This
software reduces the time & labor needed to place & process
orders while minimizing food waste.
Cheetah is founded and run by food industry veterans, supply
chain and logistics experts, chefs, engineers, data scientists, and
innovators who have come together to help restaurateurs,
distributors, and manufacturers thrive.
For more information on Cheetah, please contact
press@gocheetah.com
About Eclipse Ventures
With over $4 billion in assets
under management and a team of investors with deep operating
expertise in technology, manufacturing, supply chain, logistics,
healthcare, and consumer products, Eclipse is a leading U.S.
venture capital firm. Its leadership team has the experience
necessary to create and scale complex operations. Eclipse partners
with exceptional companies that make physical industries more
efficient, resilient, and profitable. For more information, visit
www.eclipse.vc.
About Sator Grove
Sator Grove Holdings is a private holding company based in
Bradenton, Florida. With a vision
to create a thriving ecosystem rooted in love and centered upon
excellence in company building, Sator
Grove does this by providing enduring capital and anything
else it can to enable its partners to achieve their full potential.
In doing so, they seek to invert the traditional relationship
between shareholders and companies. The essence of Sator Grove is
first a flourishing community that seeks to do good together and
second an investment firm. Sator
Grove's shareholders include numerous world-class company
CEOs and investors, and together, Sator
Grove's aim is to 'sow good seeds' that grow into win-win
outcomes for all constituents, including society and future
generations. For more information, visit www.satorgrove.com
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SOURCE Cheetah Technologies