RTIH brings together retail system ventures that are making waves with large investments such as OLIO, Blendid, Beauty Pie and commercetools.1.Orio
OLIO, a UK-based mobile app for sharing food and other items, has completed a $ 43 million Series B funding round.
Ventures use cash for product development, international expansion, and their food waste hero programs.
OLIO co-founder Tessa Clarke has made it clearer than ever that a pandemic combined with an accelerating climate crisis makes it no longer acceptable for businesses to throw away completely delicious food.
Clients such as Tesco, Pret a Manger and Compass Catering recognize that it is inevitable to work with us to reduce food waste to zero.
That’s because working with in-house initiatives and discount apps and charities alone can’t do that. We have an incredibly strong pipeline and we need to staff now to unleash this.
Blendid, a food automation and robotics venture, has completed a crowdfunding oversubscription round.
Achieving a $ 2 million goal through 1,475 individual investors during a four-month campaign at StartEngine, the venture combines traditional venture capital, strategic investors and crowdfunding for a total of 2,000. Raised a million dollar investment.
During a crowdfunding effort, Blendid entered into a commercial agreement with a major unnamed commercial food service provider that made a strategic investment in the company to support its manufacturing and operational expansion.
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