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Olio
Food sharing app
- 101-200 employees
- B2C
- B2B
- Sustainability
- Food
- Sharing Economy
- Social Impact
- Community
- London, UK
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Company mission
Olio's mission is to solve the climate crisis by ending waste, one share at a time.
Our take
The food waste created globally each year amounts to $1.3 trillion. The impact of that is not just lost food but also enormous amounts of CO2. Food sharing app OLIO connects neighbours and businesses to give away unwanted food and other items that may otherwise end up in landfill.
A global initiative, the OLIO scheme works with over 35,000 volunteer ‘Food Waste Heroes’, who visit stores to collect surplus food nearing its best before or use-by date and redistribute it to the local community. This programme effectively acts as an enterprise play amongst food businesses and restaurants to achieve zero food waste, reduce their environmental impact and cut carbon emissions.
Demand from both UK and international businesses to reduce their waste is being driven by growing ESG commitments. With their most recent investment round, OLIO plans to accelerate its international expansion plans, growing its Food Waste Heroes Programme. It will also focus on 10 key markets in Latin America, Northern Europe and Asia, where they are seeing strong organic growth.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Unlimited holiday
- Stock options
- Remote working
- Mental health support & counselling app
- Reimbursement for eye tests
- Cycle to work scheme
Company values
- Inclusive
- Resourceful
- Caring
- Ambitious
Funding (last 2 of 4 rounds)
Sep 2021
$43m
SERIES B
May 2018
$6.4m
SERIES A
Total funding: $53.8m
This company has top investors
Leadership
Tessa Clarke
(CEO)Holds an MBA from Stanford with experience in startups, digital transformation, managing for high growth, global expansion, turnaround, acquisition and integration in both B2C and B2B across retail, media, events, and financial services.
Saasha Celestial-One
(COO)Holds an MBA from Stanford with a background in finance, strategy and business development at Morgan Stanley, McKinsey & American Express. Founded My Creche, London's first PAYG provider offering flexible childcare for busy parents.