Saltz, a digital marketplace for the food supply industry, has raised €20 million in Series A funding. Saltz offers a way to connect chefs and verified food suppliers across 20 countries through a single interface that unifies catalogues, payments and logistics.
This funding round brings support from the European Bank for Reconstruction and Development (EBRD), Inovo, Lifeline Ventures and Change Ventures, with participation from Mantas Mikuckas (Founder of Vinted), Miki Kuusi (Founder of Wolt), several Shopify executives and other strategic angels.
With the new funding, Saltz plans to accelerate expansion across Europe and invest heavily in the technology that powers cross-border food trade. The company expects to hire more than 100 people over the next year as it builds toward a truly global food marketplace.
Saltz was founded after the team realised how fragmented and offline the food distribution sector remains. Most restaurants rely on multiple distributors, have to deal with hidden pricing and place orders through time-consuming and manual processes. Meanwhile, suppliers find it difficult to reach their customers efficiently or offer additional services like payment terms and logistics.
“Our team spent years building global B2B marketplaces, first at Oberlo and later at Shopify,” said Andrius Slimas, Saltz Co-founder. “When we looked at food distribution, we were surprised by how little infrastructure exists for direct cross-border transactions. 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.”
