SPRK to raise funding from local angel investors from Germany.

SPRK, a Berlin, Germany-based startup building a business around a software distribution platform for connecting food oversupply with demand partners, announced that it secured a capital funding round.

The money was raised from a range of local investors, including The Haas Family Office from Austria and angels Patric Faßbender, Marcus Stahl, Young Sohn, Christian Vollmann and Jens Hewald. Professional footballer Mario Götze and Tatort actor Fahri Yardim also contributed to the round.

Proceeds will be used to build the technological distribution platform and to expand infrastructure and logistics as SPRK intends to open up other metropolitan regions such as Munich and Hamburg in addition to the region around Berlin.

SPRK, founded in 2020 by CEO Alexander Piutti, Mario Steinbuch and Marcel Riemer, aims to redistribute food oversupply and eliminate food waste from the global supply chain over the long term. By reducing food waste, SPRK also reduces unnecessary CO2 emissions and saves natural resources, like water and energy. To achieve this, SPRK is developing an innovative distribution platform, using artificial intelligence and machine learning. The SPRK technology connects supply chain participants to ensure that food oversupply is redistributed quickly and in line with demand, with systematic consideration of non-profit organisations as demand partners.