The oversubscribed round was co-led by ADA Ventures and Slingshot Ventures to support the development of remote dental care technology.
"From first hand experience as dentists, we’ve seen patients have to overcome many hurdles in servicing their oral health needs. We are developing proprietary AI and Image Recognition technology to empower patients. With so many dental diseases preventable we are pioneering a new way for patients to uptake dental treatments and see a dentist on demand through amazing technology."
The seed round was led by Speedinvest with participation from Atomico and notable angels.
"In a world where you order food in a tap, hail taxis in an instant, and swipe to date, there’s something oddly exhilarating about being forced to wait. Before digital cameras you had no idea what you captured. The suspense of not knowing paired with seeing your snaps for the first time is a powerful feeling. We’ve re-created that experience and made it social"
The funding round was led by VNV Global with participation from a broad syndicate of international investors.
"OLIO has grown five times over the last year, reflecting a step change that’s taken place as businesses and citizens look to be more sustainable and connect with their local communities. We’re beyond thrilled to have raised this capital from a brilliant set of investors who are backing our vision of reinventing consumption for more than one billion OLIOers by 2030. We have this enormous ambition because humanity cannot continue to puzzle over how to keep global warming within 1.5 degrees and feed a population of 10 billion – whilst continuing to throw away one third of the food we produce, and consuming as if we have 1.75 planets. In solving these twin problems we aim to build one of the most transformational companies of our generation."
The capital will be used to grow the team, develop the product offering, and scale globally.
"Every month over one million songs are released on Spotify which makes it hard for artists to cut through the noise. Major labels dominate the market by investing millions in their artists, leaving independent artists powerless and overshadowed."