Saltz is a technology company.
Saltz has raised $3.0M across 1 funding round.
Saltz has raised $3.0M in total across 1 funding round.
Saltz is a Vilnius-based technology startup that operates a B2B marketplace connecting chefs and hospitality businesses directly to premium fresh food producers, farms, and regional suppliers across Europe, eliminating middlemen and distributor markups.[2][4] Launched in 2022, it serves restaurants, hotels, and global chains like Hilton, Marriott, Gaspar’s, DioGo’s, Nolita, and Nuta, solving procurement inefficiencies by offering transparent producer-set pricing (5-10% cheaper), flexible delivery, and access to exclusive ingredients.[2][4] The company secured a €3 million seed round in 2023 led by Lifeline Ventures, with participation from Change Ventures, Illusian Family Office, and notable angels including Wolt CEO Miki Kuusi and former Shopify executives, fueling rapid growth and expansion to five European countries.[2]
Saltz was founded in 2022 by Tomas Šlimas and Andrius Šlimas—brothers and co-founders of Oberlo, a successful dropshipping platform acquired by Shopify—alongside Reinis Strodahs.[2] Drawing from their e-commerce expertise, the idea emerged to disrupt the opaque restaurant supply chain, where chefs face high markups and limited access to fresh, premium goods.[2][4] Early traction came quickly, with adoption by top restaurants like Gaspar’s (#1 on Lithuania's Top 30 Restaurants 2023) and global chains, validating the model and leading to the €3M seed funding shortly after launch.[2][4]
Saltz rides the wave of digital supply chain transformation in food & beverage, accelerated by post-pandemic demands for efficiency, transparency, and sustainability in hospitality.[2][4] Timing aligns with rising chef focus on local, premium sourcing amid inflation and supply disruptions, while EU green regulations favor low-impact platforms.[2] Market forces like e-commerce penetration in B2B (inspired by founders' Oberlo roots) and investor interest in agritech proptech hybrids position it favorably; it influences the ecosystem by democratizing access for smaller restaurants, reducing waste, and promoting direct-to-chef models that challenge traditional distributors.[2]
Saltz is poised for aggressive expansion beyond its five-country footprint, leveraging seed capital to enhance AI-driven matching, logistics, and sustainability metrics amid booming demand for traceable food supply chains.[2] Trends like climate-conscious procurement and automation in HoReCa (hotels, restaurants, cafes) will shape its path, potentially attracting Series A from agrifood VCs. Its influence may evolve into a pan-European standard-setter, empowering more chefs while scaling impact—echoing how its founders scaled Oberlo into a Shopify powerhouse.
Saltz has raised $3.0M in total across 1 funding round.
Saltz's investors include Alpha JWC Ventures, foobar.vc, Arminta Saladziene, Helmuts Lejnieks, Kristian Segerstrale, Mikko Kodisoja.
Saltz has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $3.0M Seed | Alpha JWC Ventures, foobar.vc, Arminta Saladziene, Helmuts Lejnieks, Kristian Segerstrale, Mikko Kodisoja |