[STIQ]
The European Investment Bank is committing 20 million euros to STIQ, a rapid-growing Greek foodtech company pioneering AI-powered cloud kitchen technology, it announced on Friday.
The financing, backed by the InvestEU program, will support the company’s research and development, digital innovation and international expansion, supporting transform food delivery in Europe through smarter, more sustainable and scalable operations.
Structured as venture debt with quasi-equity features, the financing will enable STIQ to accelerate the development of its proprietary platform, deploy advanced AI features, and expand its operational footprint beyond Greece into new EU markets, according to the announcement.
“This investment reflects the EIB’s firm commitment to supporting innovation, digital transformation and entrepreneurship across Europe. STIQ is reshaping the food delivery model through technology, and we are proud to support a Greek company that is building scalable, sustainable solutions with European reach,” stated EIB Vice-President Yiannis Tsakiris.
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