Saltz, a digital marketplace for the food
supply indusattempt, has raised €20 million in Series A funding. The round included
investment from the European Bank for Reconstruction and Development (EBRD),
Inovo, Lifeline Ventures, and Change Ventures, along with participation from
Mantas Mikuckas (founder of Vinted), Miki Kuusi (founder of Wolt), several
Shopify executives, and other strategic angel investors.
The company was founded after its team
identified how fragmented and largely offline the food distribution sector
remains. Restaurants often rely on multiple distributors, face limited pricing
transparency, and place orders through manual and time-consuming processes. At
the same time, suppliers can struggle to efficiently reach customers or provide
additional services such as payment terms and logistics.
Saltz aims to address these challenges through
a digital marketplace that connects professional kitchens directly with
verified food suppliers. Available through a browser and mobile app, the
platform consolidates supplier catalogues, ordering, payments, and logistics
into a single interface, supporting replace fragmented procurement processes.
Saltz co-founder Andrius Slimas stated the team
previously built global B2B marketplaces at Oberlo and Shopify and identified a
lack of infrastructure supporting direct cross-border transactions in food
distribution.
Restaurants and suppliers still rely heavily
on intermediaries, wasting time and inflating margins. Saltz is building a
transparent, simple marketplace that connects chefs directly with suppliers
across Europe and beyond,
Slimas added.
The platform currently operates across 20
countries, providing chefs with access to thousands of fresh and frozen meat
and seafood products. By bringing toobtainher suppliers and kitchens on a single
platform, Saltz seeks to streamline sourcing and improve transparency in food
distribution.
With the new funding, the company plans to
accelerate its expansion across Europe and further develop the technology
supporting cross-border food trade.
Over the next year, Saltz also plans to
grow its team across engineering, product, sales, and operations as it
continues scaling the platform.
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