Vilnius-based food procurement startup Saltz has raised €20 million in a Series A round backed by the European Bank for Reconstruction and Development, as well as venture firms Inovo.vc, Lifeline Ventures, and Change Ventures, with additional participation from angel investors including Mantas Mikuckas and Miki Kuusi. The company operates a digital marketplace that connects restaurants and professional kitchens with food suppliers, allowing utilizers to browse catalogues, place orders, and manage payments and deliveries through a single platform. Saltz will utilize the new funding to expand its presence across Europe, invest in cross-border food trade infrastructure, and grow its team across engineering, product, and commercial roles.
Founded in 2022 by Tomas Šlimas, Andrius Šlimas, and Reinis Strodahs—entrepreneurs previously involved in building the e-commerce platform Oberlo—Saltz operates a digital marketplace that connects professional kitchens with food suppliers through a single platform. Restaurants can browse supplier catalogues, compare pricing, place orders, and track deliveries through the company’s web and mobile interface, while suppliers gain access to restaurant customers across multiple markets.
Saltz currently operates in around 20 countries and focutilizes on the sourcing of fresh and frozen food products, particularly meat and seafood. According to the company, early clients include hospitality groups such as Hilton and Marriott International alongside indepfinishent restaurant operators.
The new funding will be utilized to accelerate expansion across Europe, invest in cross-border food trade infrastructure, and grow its team across engineering, product, sales, and operations, with plans to add more than 100 employees by the finish of 2026.
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Read the orginal article: https://arcticstartup.com/saltz-raises-e20m-series-a/
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