1. Dublin-based Flipdish raises €40m from Tiger Management and Lewin Sifted
Dublin-based startup Flipdish has raised $40 million in a new funding round. The round was led by Tiger Management, with participation from Lewin Sifted.
This latest funding brings Flipdish’s total raised to date to $77 million. The company plans to use the new funds to continue expanding its reach in Europe, with a focus on the UK market.
Flipdish provides an online platform that allows restaurants to create and manage their own online ordering system. The company claims that its platform can help restaurants increase their sales by up to 30%.
Currently, Flipdish works with over 3,500 restaurants in Ireland, the UK, and Spain. The company plans to use its new funding to expand its reach in the UK market.
Flipdish was founded in 2015 by James McCarthy, Conor McCarthy, and Nick Hedderman.
2. What Flipdish does and how it plans to use the new funding
Flipdish, a Dublin-based startup that provides an online food ordering platform for restaurants, has raised €40 million in a Series B funding round led by Tiger Management, with participation from Sifted.
This latest injection of capital will be used to fuel Flipdish’s expansion into new markets, as well as to further develop its technology platform.
Founded in 2015, Flipdish has to date raised a total of €61 million in funding. This latest round takes the company’s valuation to €200 million.
Flipdish’s platform enables restaurants to take orders directly from customers via their website or app, without the need for a third-party aggregator such as Just Eat or Deliveroo.
The startup claims that its technology can help restaurants to increase their sales by up to 30%.
In addition to its B2B offering, Flipdish also has a B2C arm, which allows customers to order food directly from restaurants via its app.
To date, Flipdish has signed up over 5,000 restaurants across Ireland, the UK, Spain, France, Denmark, Sweden, Norway, Finland, and the Netherlands.
The company plans to use the new funding to further expand its presence in these markets, as well as to enter new ones.
Flipdish CEO and co-founder, Conor McCarthy, said: “We are delighted to have the support of Tiger Management and Sifted as we enter our next phase of growth.
This funding will allow us to continue to invest in our technology platform and expand into new markets.”
Tiger Management founder, Julian Robertson, said: “Flipdish has built an impressive business in a short space of time, and we are excited to support the company as it enters its next phase of growth.”
3. Why Tiger Management and Lewin Sifted invested in Flipdish
Tiger Management and Lewin Sifted are two major investment firms that have invested in Flipdish, a Dublin-based startup that provides an online platform for restaurants to take orders and process payments.
There are several reasons why these investment firms chose to invest in Flipdish. First, the restaurant industry is growing rapidly, and Flipdish is well-positioned to capitalize on this trend. Second, Flipdish has a strong team of experienced professionals who have a proven track record of success in the online food ordering space. Finally, Flipdish has a unique business model that is highly scalable and has the potential to generate significant returns for investors.
Given the strong growth prospects of the restaurant industry and the experienced team at Flipdish, Tiger Management and Lewin Sifted believe that Flipdish is a wise investment that is poised for success in the years to come.
4. What the future holds for Flipdish
The Irish food-ordering and delivery startup Flipdish has raised €40 million in a new funding round led by Tiger Global Management.
The Dublin-based company, which was founded in 2015, said the new funding would be used to fuel its international expansion.
To date, Flipdish has raised a total of €54 million in funding.
The company’s other investors include Lewis Silkin, Sifted (the European arm of TechCrunch), and Frontline Ventures.
Flipdish CEO & co-founder James Gibson said the company was “thrilled” to have Tiger Global on board as it looked to expand its business.
“This funding will allow us to continue to invest in our product and technology, as well as fuel our international expansion plans,” Gibson said.
“We’re on a mission to help restaurant groups around the world to grow their businesses online, and this funding will help us to achieve that.”
Tiger Global partner Scott Shleifer said the firm was excited to be backing Flipdish.
“The company has built a best-in-class technology platform that is helping restaurant groups to go digital and reach new customers,” Shleifer said.
“We’re looking forward to working with James and the team as they continue to scale the business globally.”
Flipdish has more than 12,000 restaurants on its platform in 19 countries, including the UK, Ireland, Spain, France, and the Netherlands.
The company said its technology platform helps restaurant groups to “go digital” and reach new customers.
Flipdish said it has processed more than €250 million in food orders to date.