StageIncubator/Accelerator - IV | Alive
OLIO operates as a free application to declutter and reduce waste to fight climate change. It connects neighbors and local shops so that surplus food and other items can be shared rather than thrown away. It was founded in 2016 and is based in London, United Kingdom.
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ESPs containing OLIO
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The surplus food marketplaces market connects growers, restuarants, and retailers with buyers who will purchase excess food and produce, reducing food waste and increasing farmers' revenues. Vendors in this market offer solutions to optimize surplus food, saving it from going to waste and turning it into revenue for partners. Consumers benefit from being able to purchase perfectly good food at a d…
OLIO named as Highflier among 15 other companies, including Too Good To Go, FlashFood, and Misfits Market.
Missing: OLIO's Product & Differentiators
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Research containing OLIO
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CB Insights Intelligence Analysts have mentioned OLIO in 1 CB Insights research brief, most recently on Sep 9, 2021.
Expert Collections containing OLIO
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OLIO is included in 2 Expert Collections, including Food & Meal Delivery.
Food & Meal Delivery
Startups and tech companies offering online grocery, food, beverage, and meal delivery services.
Startups that help tackle food waste along the food value chain. Includes solutions that help resell or repurpose food waste.
Latest OLIO News
Jun 1, 2023
Olio partners with Whole Foods for waste reduction initiative April 25, 2023 Share Follow US Updated 2023/06/01 at 9:13 AM Share SHARE Local sharing app Olio has announced a partnership with Whole Foods Market to support the retailer with food waste prevention in its London stores. The initiative has been launched after a successful six-week pilot scheme at Whole Foods’ Kensington store which saw Olio’s team of ‘food waste heroes’ collect over 1,200kg of edible food from the retailer (the equivalent of 2,800 meals), feeding 439 local households and avoiding 5,000kg of CO2 emissions. The London stores have committed to giving Olio any remaining organic produce that isn’t taken by its local charity partners at closing time – including baked goods, salads, deli counter items, meat, poultry and ready meals – to be distributed through the Olio platform to local households for free. Olio users will be very happy to see another retailer taking steps to be even more sustainable and reduce food waste “We’re delighted to announce this partnership with Whole Foods Market,” comments Tessa Clarke, co-founder and CEO of Olio. “Olio users will be very happy to see another retailer taking steps to be even more sustainable and reduce food waste. Plus, Olio users living nearby to any of the Whole Foods Market stores will be delighted that they can now access high quality natural and organic produce through the app for free. “This is positive news for those feeling the hardships of the ongoing cost of living crisis and the recent food inflation increases that have caused grocery bills to skyrocket. Whole Foods Market is a fantastic partner for us and a great example of a retailer working hard to save perfectly good produce from going to waste.” Shaun Coombes, Executive Leader of Operations at Whole Foods Market adds: “This partnership builds on our purpose ‘to nourish people and the planet’. It is now more important than ever to pull together to tackle food waste, and we are constantly exploring new ways to ensure we are delivering against this mission. This new partnership with Olio is one more step forward to ensuring any left-over perishable food ends up in the hands of those in the community who need it, rather than in landfill”.
OLIO Frequently Asked Questions (FAQ)
When was OLIO founded?
OLIO was founded in 2016.
Where is OLIO's headquarters?
OLIO's headquarters is located at 157a Nelson Road, London.
What is OLIO's latest funding round?
OLIO's latest funding round is Incubator/Accelerator - IV.
How much did OLIO raise?
OLIO raised a total of $51.3M.
Who are the investors of OLIO?
Investors of OLIO include Tech Nation Net Zero X, Accel, Octopus Ventures, Jason Stockwood, Flight Ventures and 20 more.
Who are OLIO's competitors?
Competitors of OLIO include FareShare, TotalCtrl, WINIM, Matsmart, Karma and 14 more.
Compare OLIO to Competitors
Too Good To Go offers a free food waste mobile application. It allows users to rescue surplus meals from restaurants and stores that have unsold surplus food sold off at a discount price. The company was founded in 2016 and is based in Copenhagen, Denmark.
Karma is a social enterprise dedicated to reducing food waste in the cafe and restaurant industry. The mobile app helps restaurants to sell surplus food to consumers, who thus get a wide variety of good foods at good prices.
Full Harvest operates a business-to-business platform connecting large farms to food companies to sell surplus and imperfect produce. The company focuses on eliminating food waste at the farm level by bringing additional revenue to farmers and lowering the cost. It was founded in 2015 and is based in San Francisco, California.
Nibble is a platform that rethinks food waste in the restaurant industry. The company helps restaurants sell their excess food and provide inexpensive meals to other users. It is based in San Francisco, California.
Matsmart is an online food retailer that focuses on reducing food waste. It provides an alternative route to the market for surplus food, the company aims to challenge the perception and consumption of food. In addition, its discounted prices enable its customers to save money, while doing something good for the environment. The company was founded in 2013 and is based in Stockholm, Sweden.
FoodObox operates as an online surplus food marketplace. It offers an application for reducing food waste by allowing grocery stores to sell their surplus food at a discounted price before closing time. It was founded in 2021 and is based in Sofia, Bulgaria.
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