Berlin-based Keatz, a delivery-only food chain, has raised €6 million from Project A, K Fund and other investors as it launches across Europe.
Keatz offers 10 different delivery-only food brands including salads, burritos, and thai curries, which are all prepared in local, highly automated assembly kitchens. Keatz does not offer any seating area or pickup services for customers like regular restaurants, exclusively selling its products through platforms such as Deliveroo, Delivery Hero, UberEats and Glovo.
“The market for delivery food is still dominated by brick and mortar restaurants, which offer dishes that are neither designed nor properly packaged for take away”, said Dimitrios Ploutarchos, who co-founded the company together with Paul Gebhardt. “We not only provide superior takeaway food to customers, but also an attractive model to our delivery platforms. On average, our meals are prepared in less than 10 minutes, thus offering shorter delivery times to customers and superior delivery economics to our partners."
The company, which started operating in 2016, is now running kitchens in Berlin, Barcelona and Madrid and plans to continue its European expansion strategy by opening new kitchens in coming months in Frankfurt, Munich, Milan, Amsterdam and Paris.