Athens-based foodtech startup STIQ has raised €20 million in venture debt financing from the European Investment Bank (EIB) to scale its AI-powered cloud kitchen platform across Europe.
Founded in 2022, STIQ operates a vertically integrated virtual restaurant platform that merges food production, logistics, and software. The startup runs five kitchen hubs in Athens, powering over 20 digital restaurant brands through a single AI-enabled system. Its technology supports demand forecasting, dynamic menu adjustments, inventory control, and smart delivery routing — all aimed at reducing emissions and improving efficiency.
Capital will support R&D and international rollout
The new capital will be used to expand STIQ’s kitchen network to 30 hubs across Europe by 2029, and further invest in AI, digital tools, and logistics automation. The funding was provided through the EIB’s “Future Technologies” initiative, part of the broader InvestEU strategy to promote innovation, AI, and sustainable urban logistics.
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Strategic partner for healthy fast-casual at scale
“We’re thrilled to welcome the EIB as a strategic partner,” said Konstantinos Davaris, Founder & CEO. “At STIQ, we’re leading a new era of healthy eating by combining cutting-edge tech and AI with culinary excellence. With this funding, we’re ready to scale our vision across Europe.”
Over €10M previously raised; team of 200 scaling fast
STIQ employs 200 people and previously raised over €10 million in early funding. The company’s mission is to deliver healthy, sustainable, and affordable meals to urban populations. It also plans to roll out electric delivery fleets, enhance food safety systems, and reduce waste across its operations.
