Vilnius-based food supply marketplace Saltz raises €20 million Series A, plans 100+ hires as it expands across Europe
Saltz, a Vilnius-based digital marketplace for the food supply industry, has raised €20 million in Series A funding to accelerate expansion across Europe, invest heavily in cross-border food trade technology, and grow its team by over 100 people by the end of 2026
The round was supported by 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.
“We see a clear path to establishing Saltz as the leading infrastructure for food distribution in Europe and beyond. This funding will allow us to build at speed, invest in better experiences for both chefs and suppliers, and set higher standards for transparency and efficiency in the food supply industry,” said Andrius Šlimas, co-founder of Saltz.
Founded by Andrius Šlimas, Tomas Šlimas, Reinis Štrodahs, Saltz is a digital marketplace for the food supply industry, connecting professional kitchens directly with verified food suppliers. It is available via browser and mobile app, and the platform claims to consolidate supplier catalogues, ordering, payments, and logistics into a single interface, replacing manual and fragmented food distribution processes.
According to the company, it was founded after the team realised how fragmented and offline the food distribution sector remains. Saltz notes that most restaurants rely on multiple distributors, face hidden pricing issues, and utilise time-consuming, manual ordering processes. Meanwhile, suppliers struggle to reach their customers efficiently or to provide additional services like payment terms and logistics.
“Our team spent years building global B2B marketplaces, first at Oberlo and later at Shopify. 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,” said Andrius.
Having observed how marketplace technology could transform global retail, the founding team now aims to redefine food sourcing on the same scale. Their goal is for Saltz to become the main platform where professional kitchens and suppliers collaborate across Europe, with plans to expand worldwide.
Saltz currently operates in 20 countries, providing chefs with access to a range of fresh and frozen meat and seafood products.
Over the next year, the company plans to focus on scaling its operations. With the fresh capital, the company will expand into more European markets, add a wider range of suppliers, and grow its team across engineering, product, sales, and operations.
“We see a clear path to establishing Saltz as the leading infrastructure for food distribution in Europe and beyond. This funding will allow us to build at speed, invest in better experiences for both chefs and suppliers, and set higher standards for transparency and efficiency in the food supply industry,” added Andrius.
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