Saltz raises €20M to build global chef-supplier marketplace
Saltz, a digital marketplace designed to modernize the food supply industry, has successfully secured €20 million in Series A funding. This significant investment, which includes backing from the European Bank for Reconstruction and Development (EBRD) and prominent venture capital firms, underscores the growing demand for digital transformation within traditionally fragmented sectors. The funding round highlights a clear investor confidence in Saltz's mission to bring greater efficiency and transparency to food distribution. The company's innovation stems from identifying critical inefficiencies in the current food distribution landscape, where restaurants often grapple with multiple distributors, opaque pricing, and manual ordering processes. Simultaneously, food suppliers face challenges in reaching a broad customer base and offering essential services like flexible payment terms and logistics. Saltz addresses these pain points by providing a unified digital platform that connects professional kitchens directly with verified food suppliers, thereby streamlining procurement. Saltz's platform, accessible via web and mobile applications, consolidates supplier catalogues, ordering, payment, and logistics into a single, intuitive interface. This consolidation aims to replace cumbersome, disconnected procurement workflows that have long plagued the industry. The company currently operates across 20 countries, offering chefs access to a diverse range of fresh and frozen meat and seafood products, with plans to expand its reach and technological capabilities further into cross-border food trade.
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