Flipdish Valuation, Funding & Investors

Flipdish is valued at $1.3B as of January 2022.

Last Flipdish valuation

$1.3B

Series C · Jan 2022

Last Flipdish funding round

$100M

Series C · Jan 2022

Cumulative funding Flipdish raised

$157M

across 6 funding rounds

Key investors in Flipdish

  • Enterprise Ireland
  • Elkstone Capital Partners
  • Growing Capital
  • Tiger Global
  • Global Founders Capital
  • Tencent

Flipdish Overview

About Flipdish

Flipdish is a Dublin-headquartered platform delivering online ordering, point-of-sale systems, and marketing tools tailored for independent restaurants across Ireland, the UK, and Europe. Launched in 2015, the company equips eateries with direct customer engagement features, kitchen management software, and delivery integrations to boost revenue and operational efficiency. Flipdish supports thousands of venues with its end-to-end ecosystem amid digital transformation in the food sector.


Founded

2015

HQ

IrelandDublin

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.3B (Jan 2022)

Flipdish Valuation

Flipdish is currently valued at $1.3B, based on its Series C in January 2022.

The $100M round was led by Tencent.

Flipdish valuation by funding round

Flipdish valuation by funding round
DateStageValuation
Jan 2022Series C$1.3B

Flipdish Funding History

Flipdish has raised a total of $157M across 6 funding rounds.

Flipdish's first fundraising round was a $200K angel round in November 2016. The most recent completed round was a $100M Series C in January 2022.

Flipdish funding rounds

Flipdish funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series CTencent (lead)$100M$1.3BFlipdish is an Ireland-based developer of a customer experience software platform for the hospitality industry, founded in 2015 by brothers Conor and James McCarthy. The company provides white-label technology that enables hospitality businesses including restaurants, hotels, stadiums, movie theaters, and airports to deliver seamless digital ordering and payment experiences. Flipdish's platform powers QR code ordering and payment at tables, online ordering for pickup and delivery, self-service kiosks, customer loyalty programs, and digital marketing solutions, allowing businesses to accept orders directly without relying on third-party aggregator platforms like Deliveroo and UberEats. In January 2022, Flipdish closed a Series C funding round of approximately $100 million led by Tencent, valuing the company at $1.25 billion and achieving unicorn status. The investment proceeds were designated for global expansion, research and development, and hiring approximately 700 employees in 2022, primarily in technology roles such as software architects, data scientists, engineers, and product designers. The round brought together Tencent alongside existing investors Tiger Global Management, Global Founders Capital, Elkstone, Enterprise Ireland, and Growing Capital. At the time of the funding, Flipdish was operating in 25 countries and serving thousands of independent restaurant customers as well as major hospitality brands such as TGI Friday's, White Castle, and Dickey's BBQ Pit, positioning itself as a key beneficiary of the ongoing digitalization of the hospitality sector accelerated by pandemic-driven demand for contactless and direct-to-consumer ordering capabilities.
Feb 2021Series BTiger Global (lead)$48M-Flipdish is an Irish online ordering and digital experience platform founded in 2015 by brothers Conor and James McCarthy, enabling hospitality businesses like restaurants, hotels, and grocery stores to accept direct online orders, QR code table payments, self-service kiosks, loyalty programs, and digital marketing, avoiding high aggregator fees at a lower 7% commission plus 50p per order. The company partners with couriers like Stuart and Manna Aero and serves thousands of customers across 25-32 countries including the US, Canada, France, Germany, Ireland, and the UK, powering brands like Subway, Dunnes Stores, and ghost kitchens for TGI Fridays and White Castle. In February 2021, Flipdish raised $48.5M (or €40M-€48.3M equivalently stated) from sole investor Tiger Global Management, a round focused on accelerating growth amid rising demand for in-house digital ordering solutions during the pandemic. This preceded a January 2022 Series C of c.$100M led by Tencent (with €87M-€100M variously reported), valuing Flipdish at over $1.25B or €1B, achieving unicorn status and bringing in investors like Global Founders Capital, Elkstone, Enterprise Ireland, and Growing Capital. Funds from both rounds supported global expansion, R&D, hiring (e.g., 700 roles in 2022, mostly tech), and entry into new verticals like cinemas and stadiums.
Dec 2018Series AGlobal Founders Capital (lead); Elkstone Capital Partners$6M--
Jul 2018SeedElkstone Capital Partners (lead); Growing Capital; Enterprise Ireland$2M--
Mar 2017SeedEnterprise Ireland (lead); Growing Capital (lead)$500K--
Nov 2016Angel-$200K--

Who has invested in Flipdish?

6 investors have backed Flipdish across its funding rounds, including Enterprise Ireland, Elkstone Capital Partners, Growing Capital, Tiger Global, Global Founders Capital and Tencent.

Lead investors include Tencent, Tiger Global, Global Founders Capital, Elkstone Capital Partners, Enterprise Ireland and 1 other investor.


Flipdish Investors

Investors in Flipdish by funding rounds participated
InvestorHQRoundsRoleFirst check
Growing CapitalIrelandDublin2LeadMar 2017
Enterprise IrelandIrelandDublin2LeadMar 2017
Elkstone Capital PartnersIrelandDublin2LeadJul 2018
TencentChinaShenzhen1LeadJan 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Flipdish

Flipdish has acquired 1 company to date.

Last acquisition by Flipdish was on August 15th 2018. Flipdish acquired OSMB Westphalia BV for undisclosed valuation.


Latest Acquisitions by Flipdish

OSMB Westphalia BV
Description
-
HQ CountryNetherlands
HQ City
-
Deal Date15 Aug 2018
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Flipdish Competitors

Flipdish competitors include listed companies like Infomart and Rezolve AI, and private ones like airSlate, Redo, Signifyd and Paddle.

Public and private companies comparable to Flipdish
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
airSlateUkraineKievPrivate--$1.3B-
RedoUnited StatesSalt Lake City, UTPrivate--$1.3B-
InfomartJapanJapanPublicly listed$121M$31M$1.2B8.6x
SignifydUnited StatesSan Jose, CAPrivate$75M-$1.3B-
PaddleUnited KingdomLondonPrivate$75M-$1.4B18.7x
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$950M4.0x

Flipdish Public Comps

Flipdish is still privately-owned, but its public comps include Infomart, Lightspeed Commerce, Rezolve AI, Shiprocket, Hangzhou Raycloud Tech, ODDITY Tech, Riskified, almeera, GigaCloud Technology and Xinhua Winshare.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Infomart$121M$31M9.3x8.6x35.9x31.7x
Lightspeed Commerce$1.2B($13M)0.7x0.7x(65.4x)11.0x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
Shiprocket$211M($7M)4.3x-(131.1x)-
Hangzhou Raycloud Tech$84M$719K10.6x9.8x1238.3x-
ODDITY Tech$810M$131M1.5x1.8x9.6x18.3x
Riskified$345M($31M)1.8x1.6x(20.3x)19.0x
almeera$799M$83M1.2x1.1x11.3x11.5x

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Common questions about Flipdish

When was Flipdish founded?Flipdish was founded in 2015.
Where is Flipdish headquartered?Flipdish is headquartered in Dublin, Ireland.
Is Flipdish publicly listed?No, Flipdish is a private, VC-backed company.
What is Flipdish's valuation?Flipdish was last valued at $1.3B in its Series C in January 2022.
How much funding has Flipdish raised?Flipdish has raised $157M across 6 funding rounds.
What was Flipdish's last funding round?Flipdish's last funding round was a $100M Series C in January 2022, led by Tencent.
Who are Flipdish's investors?Flipdish's investors include Growing Capital, Enterprise Ireland, Elkstone Capital Partners, Tencent, Global Founders Capital and Tiger Global.
Which companies are comparable to Flipdish?Companies comparable to Flipdish include airSlate, Redo, Infomart, Signifyd, Paddle and Rezolve AI.
How many companies has Flipdish acquired?Flipdish has acquired 1 company, including OSMB Westphalia BV.

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