Vorwerk Ventures led the seed round alongside TriplePoint and SeedCamp to fund team expansion and data infrastructure.
"I am proud and inspired by the way we’ve risen to the challenge given the impact of COVID and this funding round is perfectly timed with the great return of events and experiences. We’re grateful to have the continued investment of our current investors and excited to welcome our new investors on this journey of scale."
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 London based escrow infrastructure provider secured backing from Nauta Capital to accelerate product development and launch U.S. operations.
"trustshare’s scalable and low-cost escrow infrastructure product looks to be a great solution for a very clear need for a supplier that can deliver trusted payments for high-value transactions. From the first meeting, we were extremely impressed by their industry expertise and track record, and we’re honoured to partner with them at such a crucial time."