- Companies
- Flipdish
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jan 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series C | Tencent (lead) | $100M | $1.3B | Flipdish 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 2021 | Series B | Tiger 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 2018 | Series A | Global Founders Capital (lead); Elkstone Capital Partners | $6M | - | - |
| Jul 2018 | Seed | Elkstone Capital Partners (lead); Growing Capital; Enterprise Ireland | $2M | - | - |
| Mar 2017 | Seed | Enterprise Ireland (lead); Growing Capital (lead) | $500K | - | - |
| Nov 2016 | Angel | - | $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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Mar 2017 | ||
| 2 | Lead | Mar 2017 | ||
| 2 | Lead | Jul 2018 | ||
| 1 | Lead | Jan 2022 | ||
This data is available for Pro users. Sign up to see all 6 Flipdish investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 15 Aug 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Flipdish acquisitions and their M&A valuation multiples. Start Free Trial | |
Flipdish Competitors
Flipdish competitors include listed companies like Infomart and Rezolve AI, and private ones like airSlate, Redo, Signifyd and Paddle.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.3B | - | ||
| Publicly listed | $121M | $31M | $1.2B | 8.6x | ||
| Private | $75M | - | $1.3B | - | ||
| Private | $75M | - | $1.4B | 18.7x | ||
| Publicly listed | $47M | ($109M) | $950M | 4.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $121M | $31M | 9.3x | 8.6x | 35.9x | 31.7x | |||
| $1.2B | ($13M) | 0.7x | 0.7x | (65.4x) | 11.0x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $211M | ($7M) | 4.3x | - | (131.1x) | - | |||
| $84M | $719K | 10.6x | 9.8x | 1238.3x | - | |||
| $810M | $131M | 1.5x | 1.8x | 9.6x | 18.3x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $799M | $83M | 1.2x | 1.1x | 11.3x | 11.5x | |||
This data is available for Pro users. Sign up to see all Flipdish competitors and their valuation data. Start Free Trial | ||||||||
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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