Saltz aims to digitize the European food supply chain

Saltz, a Lithuanian marketplace for the food sector, has announced a Series A funding round of €20 million. The goal is to modernize how restaurants across Europe source their ingredients. The operation was supported by EBRD, Inovo, Lifeline, and several founders of tech companies active in the Baltic region.

Andrius and Tomas Šlimas, the founders, had previously sold their dropshipping platform Oberlo to Shopify in 2017. Instead of retiring, they decided to tackle a new challenge in the restaurant industry.

Market Context

The restaurant sector is often characterized by traditional and poorly digitized procurement processes. Saltz's initiative aims to bring greater efficiency and transparency to the supply chain, offering restaurateurs a centralized tool for managing orders and discovering new suppliers.