Cheetah Technologies, a restaurant supply technology and food distribution supplier, 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."
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.
Cheetah is a 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.