4 years ago

Olio Secures $43 Million to Fight Food Waste and Expand Globally

  • Olio, a UK-based community sustainability app, has raised $43 million in Series B funding led by VNV Global and Lugard Road Capital

  • The funding will be used to accelerate international expansion, grow the Food Waste Heroes Programme, and scale the team

  • Olio aims to reduce waste by connecting neighbors to give away unwanted food and household items for free

  • The company has over 4.5 million members and works with businesses like Pret A Manger, Compass Catering, Costa Coffee, and Elior to redistribute surplus food.

      • ProblemTechnology

      "Millions of tonnes of perfectly good food is wasted every year, contributing to climate change and harming the environment. It's also a huge waste of resources and money."

      Solution

      "Olio is an app that connects neighbours to share unwanted food and other household items for free. This helps to reduce waste, save money, and build community."

      Covered on