European Investment Bank (EIB) has announced that they are investing $ 20 million StickAn athens-based Foodtech company invented the AI-driven cloud kitchen technology.
The investted financing of the Investue Program will support the company’s research and development, digital innovation and international expansion, helping the future of food supply to Europe through more smart, more sustainable and scaleable activities.
ConstantinosFounder and CEO of Stick says: “We are thrilled to welcome the European investment bank as a strategic partner in our mission to define fast-based dining. In Sticky, we are leading a new era of eating healthy by mixing cutting-ed technology and AI with culinary superiority. We distribute through the portfolio of our different brands, including Protein Garden, Dinas, Healthy ideas and more Delicious, nutritious and affordable foods that make healthy dining accessible to everyone. With EIB support, we are ready to scale our vision by encouraging the worldwide community to encourage a more sustainable, health conscious future. “
Established in 2022, the stickwall restaurant (cloud kitchen) seems to have become a trailblager in space. Its model integrates software, logistics and food activities to a single platform that enables skilled preparation and distribution of multiple digital restaurant brands from the network of cuisine hubs.
The company has collected more than $ 10 million till today and is now entering its European growth stage.
The key features of the platform include:
- AI-powered demand predicts, dynamic menu engineering and inventory optimization
- Smart Routing and Group -Order Delivery, Co -Emit to Emit and Delivery Time
- Data-powered operations that increase continuity, food protection and customer satisfaction.
With five live kitchen hubs in Athens, 3 million residents are serving more than 20 brands in the potential market, STIQs are currently appointed 200 employees and planned to reach 30 centers across Europe by 2029.
Zero-waste targets on food quality, operational skills and environmental responsibility and the focus focus on the focus of the company, including taking electric distribution fleets, shows the company to faster.
IIB Vice-President Yanis SakirisSaid: “This investment reflects EIB’s view of EIB’s view to innovate, digital transformation and entrepreneurial support across Europe. Food distribution through stick technology is re -shape the model, and we are proud to support a Greek company that is creating a sustainable, sustainable solution with European reachThe “
The investment is a part of EIB’s strategic focus on digital conversion, innovation and solidarity and is consistent with continued support for high-dependent technology initiatives in South and Eastern Europe.
Structural with the quest-equity features, structured as Debt, will enable STIQ to accelerate the development of its owned platform, establish advanced AI features and extend its operational footprints in the new EU market outside of Greece.
EIB Financing “Future Technologies” window is supported by the Investu Program and addresses the main market gaps in the capital of growth for European technology agencies.
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