Saltz Raises €20M to Digitise Restaurant Supply

Saltz, a Lithuanian marketplace focused on restaurant supply, has raised €20 million in a Series A round backed by the European Bank for Reconstruction and Development (EBRD), Inovo, Lifeline and a group of Baltic tech founders. The startup aims to streamline how restaurants source ingredients and supplies across Europe by connecting kitchens directly with producers and distributors through a single digital platform.

Founded by brothers Andrius and Tomas Šlimas — who previously sold dropshipping platform Oberlo to Shopify in 2017 — Saltz is positioning itself as a logistics and procurement layer for independent restaurants and chains alike. The new funds will be used to expand into additional European markets, beef up the engineering team, and invest in logistics integrations that make ordering, delivery tracking and payments smoother for professional kitchens.

The pitch is straightforward: restaurants still lose time and margin to fragmented procurement, manual ordering and opaque supply chains. Saltz wants to reduce waste, simplify invoicing and give small and medium hospitality businesses access to a broader range of suppliers at competitive prices. For suppliers, the marketplace offers predictable demand signals and simpler distribution routes.

Backing from the EBRD is notable, signalling institutional interest in digitalising European food supply chains. Inovo and Lifeline provide venture capital muscle and regional networks, while the involvement of Baltic tech founders brings operational experience from successful exits in the region.

Saltz faces familiar startup challenges: building sufficient supplier density in each market, maintaining quality control for perishables, and competing with incumbent distribution networks. Still, the combination of funding and founder experience gives the company a solid runway to test product‑market fit across multiple countries.

If Saltz can deliver consistent inventory accuracy and reliable logistics, it could become a go‑to procurement tool for restaurants trying to cut costs and administrative burden. For restaurateurs juggling dozens of suppliers, a well‑executed marketplace could save time and money — and that’s a proposition worth watching.