Hungarian foodtech Greenstic receives €1.4M from Hiventures
Greenstic, a brand that specializes in sustainable food service packaging, has received €1.4 million in funding from Hiventures and others angel investors. The round will help it to expand the services and promote environmentally responsibility in the catering sector.
- Founded in 2019 by Marton Bati and Mark Csonka, Greenstic is a distributor and contract manufacturer of disposable, eco-friendly restaurant packaging materials, containers, and cutlery. In 2022, the startup started its international expansion by establishing a subsidiary in Romania and a franchise partnership in Slovakia, under the new brand identity of Greenstic Europe. The company aims to become the leading eco-conscious packaging supplier in Central Europe.
- The Budapest-based Hiventures, part of the Hungarian MFB Group, is one of the largest venture capital firms of Central and Eastern Europe. The fund invests across all sectors and stages up to €3.5 million. Hiventures is committed to a sustainable and competitive entrepreneurial ecosystem in the CEE region.
- Greenstic plans to use the fresh investment to expand its manufacturing and logistics capacities and broaden its product range and customer base in Hungary, Slovakia, and Romania.