The European Investment Bank (EIB) has announced they are investing €20 million in StiQ, an Athens-based FoodTech company innovating AI-powered cloud kitchen technology.
The financing, backed by the InvestEU programme, will support the company’s R&D, digital innovation and international expansion, helping transform the future of food delivery in Europe through smarter, more sustainable and scalable operations.
Konstantinos Davaris, Founder & CEO of StiQ said: “We are thrilled to welcome the European Investment Bank as a strategic partner in our mission to redefine fast-casual dining. At StiQ, we’re leading a new era of healthy eating by blending cutting-edge technology and AI with culinary excellence. Through our diverse portfolio of brands, including Protein Garden, Dinas, Healthy Concept, and more, we deliver delicious, nutritious, and affordable meals that make healthy dining accessible to everyone. With EIB’s support, we’re ready to scale our vision, fostering a more sustainable, health-conscious future for communities worldwide.”
Founded in 2022, STIQ looks to become a trailblazer in the virtual restaurant (cloud kitchen) space. Its model integrates software, logistics, and food operations into a single platform that enables efficient preparation and delivery of multiple digital restaurant brands from a network of culinary hubs.
The company has raised over €10 million to date and is now entering its European growth phase.
Key features of the platform include:
- AI-powered demand forecasting, dynamic menu engineering and inventory optimisation
- Smart routing and grouped order delivery, reducing CO₂ emissions and delivery time
- Data-driven operations that enhance consistency, food safety, and customer satisfaction.
With five live kitchen hubs in Athens, serving over 20 brands to a potential market of 3 million residents, STIQ currently employs 200 staff and plans to reach 30 hubs across Europe by 2029.
The company looks to scale rapidly while maintaining a strong focus on food quality, operational efficiency and environmental responsibility, including zero-waste targets and the adoption of electric delivery fleets.
EIB Vice-President Yiannis Tsakiris, said: “This investment reflects the EIB’s firm commitment to supporting innovation, digital transformation and entrepreneurship across Europe. STIQ is reshaping the food delivery model through technology, and we are proud to support a Greek company that is building scalable, sustainable solutions with European reach.”
The investment is part of the EIB’s strategic focus on digital transformation, innovation and cohesion, and goes in line with its continued support for high-potential technology ventures in Southern and Eastern Europe.
Structured as venture debt with quasi-equity features, the financing will enable STIQ to accelerate the development of its proprietary platform, deploy advanced AI features, and expand its operational footprint beyond Greece into new EU markets.
The EIB financing is backed by the InvestEU programme under the “Future Technologies” window and addresses key market gaps in access to growth capital for early-stage European tech companies.
