Slovak Foodtech Startup Secures One-Million-Euro Investment
An investment with global potential.
Bratislava, July 31, 2025 – Slovak technology startup TEIBL, which is developing a platform for the digital transformation of grocery shopping, has secured €1 million in capital. The investment was provided by Slovak Investment Holding (SIH) and the private company KPC, a.s. The startup’s mission is to connect inspirational food content with practical shopping and gastronomy solutions – aiming to change the way people around the world plan and carry out their culinary purchases.
The Key Role of Returnable Financial Instruments
The investment includes a €700,000 contribution from SIH, complemented by €300,000 from private investor KPC, a.s. Funding was provided through a Convertible Loan Agreement (CLA) with a 36-month maturity. This instrument allows investors to support innovative projects with the potential to convert the loan into equity in the future.
Financing Innovation Sustainably
Returnable financial instruments such as the CLA are playing an increasingly important role in supporting startups. Unlike one-off grants, they motivate recipients toward long-term responsibility, growth, and real market success. Their use represents a sustainable approach to funding innovation with the goal of supporting both economic development and social impact.
Innovative AI Platform for Smart Cooking, Grocery Planning, and Kitchen Efficiency
TEIBL is building a digital platform that uses artificial intelligence to connect households, chefs, e-shops, delivery services, and food brands into one functional ecosystem. The goal is to offer users an end-to-end solution — from recipe inspiration and meal planning to grocery purchases and sustainable food management without waste.
The platform enables users to discover recipes, personalize them based on their preferences, and purchase exactly the ingredients they need — at the best prices and in optimal quantities. TEIBL helps reduce waste, save time and money, and promote a healthier and more conscious approach to eating.
For professional chefs and food influencers, the platform offers a space to share recipes and build their personal brands. Food suppliers and online retailers gain access to a targeted customer base with marketing opportunities and valuable data on consumer shopping behavior.
Statements from the Investors
“We support solutions with real global market potential that also bring tangible benefits to people. This project combines technology, gastronomy, and commerce into one functional whole. We’re pleased to support it at the start of its journey,” stated Slovak Investment Holding.
“Even though my entire career has been focused on real estate development, the TEIBL platform intrigued me so much that I believe it will become a part of our everyday lives,” said Ján Krnáč, Chairman of the Board at KPC, a.s.
Supported by the Slovak Recovery and Resilience Plan
The project is co-financed by the Recovery and Resilience Plan of the Slovak Republic, specifically Component 9, which focuses on supporting innovative businesses in their early development stages. Within this component, €15 million has been allocated to technology startups with the ambition to disrupt markets and bring high-value solutions.
About TEIBL
TEIBL is a community-oriented project with strong global ambitions. Its vision is to become an intelligent part of every modern household and help transform the way people think about food.
“We believe food connects people. That’s why we’re building a platform that links people, technology, and sustainable kitchen solutions.”
— Dušan Masaryk, CEO & Co-founder of TEIBL
About Slovak Investment Holding (SIH)
Slovak Investment Holding is a joint-stock company fully owned by the Slovak Republic. Its core mission is to support strategic investments in areas such as small and medium-sized enterprises, infrastructure, energy efficiency, waste management, the social economy, and the cultural and creative industries. SIH finances projects exclusively in a repayable form, i.e. through financial instruments and not in the form of a grant. This approach supports the sustainable and efficient development of the Slovak business environment.
More information: www.sih.sk
