Flipdish Raises Approx. $100M; Valued at $1.25 Billion

Conor and James McCarthy

Flipdish, a Dublin, Ireland-based online ordering and digital experience platform for hospitality, raised c.$100m in funding at over $1.25 billion valuation.

The round, which was led by Tencent, followed a $48.5m investment from Tiger Global Management in February 2021. Beyond Tiger Global, Tencent will join existing investors Global Founders Capital, Elkstone, Enterprise Ireland and Growing Capital.

The company intends to use the funds to grow global operations, fund R&D in products that improve the hospitality industry’s digital experience for consumers and support new customers like cinemas, stadia and airports.

Founded by brothers Conor and James McCarthy in 2015, Flipdish allows hospitality businesses to deliver seamless consumer digital experiences which drive business growth. The company provides technology that powers QR code order & pay at table, online ordering for collection & delivery, self-service kiosks, customer loyalty, and digital marketing. 

Flipdish operates in 25 countries including France, Germany, Ireland, Spain, the UK and the US, with thousands of independent restaurant customers including some well known Irish brand leaders such as Dunnes Stores, Romayo’s, Base Pizza, Bombay Pantry, The White Moose Cafe and Mao as well as major international brands like Subway, Cojean, and Galeries Lafayette. The company also works with some of the world’s largest ghost kitchen companies, which partner with the likes of TGI Friday’s, White Castle, Dickey’s BBQ Pit, and many more. 

As part of the investment, Flipdish will be hiring 700 people in 2022. The majority are technology roles such as software architects, data scientists, engineers and product designers. Others include a host of commercial roles.