Olio, a London, UK-based food-sharing app, secured $6m in Series A funding.
The round was led by Octopus Ventures with participation from Accel, Quadia, Quentin Griffiths, Silvergate Investments 2, Bran Investments, Julien Codorniou and Jason Stockwood.
The company intends to use the funds to double the size of the team – with a particular focus on product – and to expand their “Food Waste Heroes Programme” which enables retailers, events and corporate canteens to become zero food waste.
Led by Co-Founder & CEO Tessa Clarke and Co-Founder & COO Saasha Celestial-One, Olio provides a neighbour-to-neighbour food sharing app, tackling the problem of food waste by connecting users with surplus food (households or businesses), with those living nearby who would like it.
The community has shared over 600,000 portions of food in 32 countries worldwide in over two years.