What is Olio?
Founded in 2015, Olio operates a sophisticated mobile application that serves as a digital marketplace for food sharing. The platform addresses the systemic issue of food waste by connecting individuals and businesses possessing surplus inventory with those in their local community who can utilize it. This model not only fosters community engagement but also provides a scalable solution to the environmental challenges posed by food disposal. As a leader in the impact-driven tech sector, Olio has transitioned from its early-stage development to a mature enterprise-level entity, demonstrating that social responsibility and technological innovation can effectively intersect to drive meaningful change in consumer behavior.
How much funding has Olio raised?
Olio has raised a total of $51.2M across 3 funding rounds:
Private Equity
$2.2M
Series A
$6M
Series B
$43M
Private Equity (2017): $2.2M with participation from Mustard Seed, Accel, and Quadia
Series A (2018): $6M led by Quentin Griffiths, Quadia, Accel, and Octopus Ventures
Series B (2021): $43M supported by VNV Global and Lugard Road Capital
Key Investors in Olio
Quadia
A Geneva-based impact investment firm that specializes in financing privately-held companies providing sustainable solutions for a regenerative economy.
Octopus Ventures
A founder-focused venture capital firm that supports mission-driven companies across sectors including climate, health, and consumer technology.
Lugard Road Capital
An investment firm providing strategic capital to high-growth companies, often participating in significant late-stage funding rounds.
What's next for Olio?
With the infusion of its latest capital, Olio is positioned to accelerate its international expansion and enhance its technological infrastructure. The company's strategic roadmap likely involves scaling its operations to reach new markets while deepening its integration with local food retailers to further reduce waste at the source. Given the current funding context, the firm is expected to focus on optimizing its user acquisition strategies and refining its logistics framework to support a more robust, global food-sharing network. By leveraging its recent financing, Olio aims to solidify its market position as the premier solution for sustainable food management, ensuring long-term viability in an increasingly eco-conscious global economy.
See full Olio company page
