STIQ Secures €20M From EIB To Fxpand Its AI Cloud Kitchen Platform

The investment, structured as venture debt with quasi-equity features, supports the EIB’s mission to drive digital innovation and transformation in Southern and Eastern Europe.

Yiannis Tsakiris, Vice-President of EIB, says, “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 EIB funding, backed by the “Future Technologies” window of the InvestEU programme, helps bridge growth capital gaps for early-stage European tech companies. It supports key EU goals in AI, food systems, urban logistics, and regional development.

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STIQ, a Greek foodtech company using AI-driven cloud kitchen technology, will use the funds for R&D, digital tools, and global expansion. The company aims to scale its platform and enter new EU markets.

InvestEU targets €372 billion in investment between 2021 and 2027 through EU guarantees and EIB partnerships.

Konstantinos Davaris, Founder & CEO of STIQ, says, “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 operates in the virtual restaurant space by integrating software, logistics and food production into one unified platform.

The company uses AI to manage multiple digital restaurant brands from its kitchen hubs, enabling demand forecasting, real-time menu updates, and efficient inventory control. Its platform also offers smart delivery routing and grouped orders to cut emissions and speed up delivery times.

STIQ currently runs five kitchen hubs in Athens, serving over 20 brands to a market of 3 million people. With 200 employees, it aims to scale to 30 hubs across Europe by 2029, focusing on food safety, performance, waste reduction, and electric deliveries.

The EIB notes that STIQ has raised over €10 million so far and is now entering a new phase of European expansion.

The European Investment Bank (EIB), owned by EU Member States, funds projects that support EU policy goals across areas like climate action, digitalisation, security, cohesion, and infrastructure.

In 2024, the EIB Group—including the European Investment Fund—provided nearly €89 billion for over 900 projects, all aligned with the Paris Climate Agreement. About 60% of this financing focused on climate and environmental initiatives.

The EIB also supported over €100 billion in energy security and mobilised €110 billion for startups, scale-ups, and innovators. Around half of its EU investments went to regions with below-average income levels.

About StiQ

StiQ is transforming healthy dining in Greece through AI-driven cloud kitchens and a fast-casual model. With 15+ brands and over 2 million meals served, its 200-strong team delivers nutritious, affordable food from smart hubs—focused on accessibility, sustainability, and innovation in the future of food.