O
Olio
Free app that's connecting neighbors to surplus food and other goods that can be shared instead of thrown away
About Olio
Olioex.com is a unique startup operating in the sharing economy sector. The company's primary service is to facilitate the sharing and reusing of items among local communities, thereby reducing waste and promoting sustainability. The platform is designed to be user-friendly, allowing individuals to upload photos of items they no longer need, set a pick-up location, and arrange for the items to be collected by someone who can make use of them.
Olio's target market is broad, encompassing anyone interested in reducing waste, saving money, and fostering a sense of community. This includes individuals, families, and even businesses looking to dispose of surplus goods in a responsible manner.
The business model of Olio is based on the principle of a sharing economy, which emphasizes access over ownership. While the platform is free to use for both donors and receivers, the company generates revenue through partnerships with businesses looking to reduce their waste. These businesses pay Olio to help them distribute their surplus goods to the local community, thereby avoiding the cost and environmental impact of disposal.
In essence, Olio is a platform that connects people who have items they don't need with those who can use them. It's a win-win situation for all parties involved: donors declutter their homes, receivers save money, businesses reduce waste, and the planet benefits from less waste going to landfill.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2016
- Headquarters
- London, United Kingdom
- Employees
- 143
- Open positions
- None listed
- Dealroom signal
- 68.1/100
- Sub-industry
- Waste Solution, Food Logistics & Delivery
- Sector
- Energy, Waste Reduction, Food Waste, Sustainable Development Goals, Climate Tech, Circular Economy, B Corp, Hard Tech, Woman Founder
- Technology
- Mobile app
- Business model
- Marketplace & ecommerce, SaaS
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SUPPORT PROGRAMOther financing | Mar 2022 | $0 | — | Tech Nation | — |
| SERIES BOther financing | Sep 2021 | $43M | $172M | Accel · Rubio Impact Ventures · Flight Ventures · Octopus Ventures | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Olio is 210K monthly website visits, up 23.5% over the last three months. Olio's team declined 5.9% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
Simpleweb
Accel
Quentin Griffiths
Quadia
Mustard Seed + Partners
UK Research and Innovation
Series A9 investors entered at this stage
Octopus Ventures
Silvergate Investments 2
VNV Global
Rubio Impact Ventures
Flight Ventures
Lord Waheed Alli- LCLugard Road Capital
Jason Stockwood
Alumni Ventures
Other known investors1 additional known investor
Tech Nation
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Olio on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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