The United Nations estimates that 17% of the food available to consumers goes directly into the bin. Globally 923 million tonnes of food is wasted each year. 60% of this wastage happens in the home. Addressing this massive societal problem is London startup OLIO, a food sharing marketplace that lets neighbours share excess food by taking a photo, which is then available on the platform for neighbors to pick up. The simplicity of the app has made it quite popular; OLIO has handled 25 million+ portions of food and three million non-food household items that would have ended up wasted. The pandemic has served as a tailwind for the company, with a 5x increase in listing, as people reconsidered their relationship to the environment and sustainable choices. London TechWatch caught up with OLIO CEO and Founder Tessa Clarke to learn more about the genesis of the company, strategic plans, latest round of funding from investors that include VNV Global, Lugard Road Capital, DX Ventures (the venture arm of Delivery Hero), Accel, Octopus Ventures, and Rubio.
KYC and AML requirements typically require financial institutions to rely on numerous third-party data providers for both onboarding and ongoing monitoring. PassFort streamlines this process into a single robust dashboard that integrates 25+ different data providers, mitigating the chance of fraud and security vulnerabilities. Digitally-focused financial institutions (neo-banks, fintech startups, global banks, and platform banks) can now deliver real-time, risk-based decisioning combined with fast, customer-friendly experiences. PassFort consolidates and streamlines both the onboarding process and ongoing customer management to meet ever-changing regulatory requirements, leaving institutions protected with detailed audit trails. London TechWatch caught up with PassFort CEO and Founder Donald Gillies to learn more about the genesis of the business, strategic plans, latest round of funding Level Equity, OpenOcean, Episode 1, and Entrepreneur First.
By a very wide margin, the most effective thing the federal government can do to address FAMGA’s impact is to provide a friendly regulatory environment for crypto and let capitalism do its thing.
There are countless workforce management applications and tools for workers that spend most of their time in front of a computer. But for members of the workforce that don’t sit at a desk, there’s a dearth of options to do simple administrative tasks, creating a bottleneck in communication between employers and employees. Sona is a workforce platform designed specifically for the needs of frontline workers (often deskless) like those working in retail, healthcare, logistics, and even manufacturing. The platform, founded earlier this year, focuses on shift scheduling, company communications, holiday leave scheduling, and feedback to ensure that both employees and employers are on the same page. London TechWatch caught up with Cofounder Steffen Wulff Petersen to learn more about building a timely solution for an economy where the concept of work is evolving, the company’s strategic plans, and recent round of funding from Speedinvest, Andy Leaver of Notion Capital, Lorenzo Franzi of Flash Ventures, and several partners from Novator.
Sleep apnea and snoring affect one and three people. If not addressed, obstructed sleep apnea can lead to serious health issues including diabetes, heart attack, hypertension, and glaucoma. Most therapy to address sleep apnea has been centered around invasive CPAP machines. Signifier Medical Technologies is a med-tech startup focused on non-invasive solutions for sleep-disordered breathing conditions. In February, the company received FDA approval for eXciteOSA, a medical device that provides neuromuscular stimulation to the tongue to address the conditions causing sleep apnea. Unlike other treatments, the device is used during the day and not while the patient is sleeping, resulting in increased comfort and convenience. 2- minute treatments have been shown to drastically improve the quality of sleep and reduce obstructive sleep apnea and snoring. There is a connected app for the device that encourages patient adherence and also provides valuable data to clinicians. London TechWatch caught up with CFO Alastair Maxwell to learn more about the company’s groundbreaking treatment, strategic plans, and latest round of funding from investors that include Alan Howard, Segulah Medical Acceleration, Pioneer Healthcare Partners, and Angelus Partners.
The truth is, when it comes to investing, the world is in a very different place today than it was for your parents or even your older siblings. For older generations, investing sat in the context of three main things: stocks, real estate, and just sitting on your actual cash.
As we’ve already seen with the cases of the GameStop and AMC short squeezes, retail investors have the ability to make their presence felt in the modern stock market, so why does it feel like they’re still the little guys on Wall Street? Let’s take a look at the uneven playing field of retail investing…
Normally, when a startup matures it brings to consider inorganic growth paths of growth. Startups that acquire a number of businesses may soon be operating a holding company across several lines of business. Palta shakes this model up from the onset by focusing on building several brands concurrently focused on the health and wellbeing space. Approaching it this way has several advantages: products within the portfolio are able to benefit from shared user bases, knowledge transfer from what’s working and not working, funding, shared infrastructure, and shared resources. The company currently operates Flo.Health, Zing Fitness Coach, Voir, Prisma Labs, and Simple Fasting; boasting more than 2.4M paid users with the plans to launch and acquire new applications covering more segments. This fluid model allows Palta to operate at the intersection of private equity, venture studio, incubator, and app maker. London TechWatch caught up with CEO and Cofounder Yuri Gurski to learn more about building a vertically integrated health and wellness cofounding company, the startup’s future plans, recent round of funding from investors that include VNV Global and Target Global.
In this series, Lerer Hippeau dives into technologies and industries they’re excited about, going deep into their change drivers, and stakeholders while exploring investment trends and opportunities through an early-stage lens.
The mental health crisis has a hidden toll on employers; depressed employees miss an increased number of workdays every year, employees with depressions lose 8% of work productivity on average, employees experiencing depression are two times more likely to leave a company than their non-depressed counterparts. With performance, engagement, and absenteeism all affected, companies are addressing the importance of providing mental health services to employees. Oliva is an online mental health platform that is designed for the needs of employers so that they can adequately address the mental well-being of their employees. The company uses a research-backed care model to provide service to employees rather than just connecting them with a therapy provider. Sessions can seamlessly be booked, with a slack integration, in just a few clicks where the employee is connected to a vetted specialist that is a part of the Oliva network and the employee is further supported by an in-house care team. Oliva also provides management training so that potential mental health issues can be detected early before they have a significant impact on operations. London TechWatch caught up with CEO, serial entrepreneur, and Cofounder Javier Suarez to learn how his personal experience running a startup led to founding this company, the importance of investing in employee mental health, the company’s strategic plans, recent round of funding, and much, much more.