What is Olio?
Founded in 2015, Olio operates at the intersection of consumer technology and environmental sustainability. The company provides a mobile marketplace that facilitates the sharing of surplus food, effectively reducing waste at the household and retail levels. By leveraging a hyper-local network, Olio addresses the inefficiencies in food distribution, positioning itself as a critical player in the burgeoning sustainable technology sector. Its business model is designed to scale rapidly, utilizing network effects to increase the density of food-sharing communities, which in turn enhances the platform's value proposition for both individual users and commercial partners.
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 Quadia, Accel, and Mustard Seed
Series A (2018): $6M led by Octopus Ventures, Quadia, Accel, and Quentin Griffiths
Series B (2021): $43M supported by Lugard Road Capital and VNV Global
Key Investors in Olio
Octopus Ventures
Octopus Ventures is a founder-focused venture capital firm backing people and ideas that aim to change the world, investing in mission-driven companies across software, climate, health, consumer, and financial technology.
Accel
Accel is a global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth, focusing on supporting innovative companies and entrepreneurs.
Quadia
Quadia SA is a pioneer in impact investing, focusing on advising professional and institutional clients to implement strategies that yield attractive returns while promoting positive social and environmental impacts.
What's next for Olio?
Following the recent $43M injection, Olio is well-positioned to accelerate its international expansion and enhance its technological infrastructure. The current enterprise-level funding context suggests a strategic pivot toward deepening market penetration in existing territories while exploring new operational efficiencies. As the company matures, the focus will likely shift toward optimizing its logistics algorithms and expanding its commercial partnerships to further integrate into the broader food supply chain. Investors will be monitoring the firm's ability to maintain its core mission of waste reduction while achieving the operational scale necessary to deliver long-term, sustainable returns in the competitive food-tech landscape.
See full Olio company page
