The latest venture capital, seed, pre-seed, and angel deals for London startups for 24/9/2021 featuring funding details for Vyne Technologies, Jiffy Grocery, and much more.
Funding News
OLIO Raises $43M for its Food Sharing App That’s Addressing the Massive Food Wastage Problem
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.
The London TechWatch Startup Daily Funding Report: 23/9/2021
The latest venture capital, seed, pre-seed, and angel deals for London startups for 23/9/2021 featuring funding details for Vinterior, LVNDR Health, and much more.
The London TechWatch Startup Daily Funding Report: 22/9/2021
The latest venture capital, seed, pre-seed, and angel deals for London startups for 22/9/2021 featuring funding details for Mojo and much more.
The London TechWatch Startup Daily Funding Report: 21/9/2021
The latest venture capital, seed, pre-seed, and angel deals for London startups for 21/9/2021 featuring funding details for Wiserfunding, HIVED, and much more.
The London TechWatch Startup Daily Funding Report: 20/9/2021
The latest venture capital, seed, pre-seed, and angel deals for London startups for 20/9/2021 featuring funding details for Monese and much more.
The London TechWatch Startup Daily Funding Report: 17/9/2021
The latest venture capital, seed, pre-seed, and angel deals for London startups for 17/9/2021 featuring funding details for dopay, Tyk, and much more.
The London TechWatch Startup Daily Funding Report: 16/9/2021
£120M+ in new fundings! The latest venture capital, seed, pre-seed, and angel deals for London startups for 16/9/2021 featuring funding details for Form3, Coinfirm, and much more.
PassFort Raises £11.7M for its Platform that Automates Compliance for Financial Institutions
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.
The London TechWatch Startup Daily Funding Report: 15/9/2021
The latest venture capital, seed, pre-seed, and angel deals for London startups for 15/9/2021 featuring funding details for Lightyear, AccuRx, and much more.