Home > General > Irish company raises 4.8m to empower restaurants & takeaways

Irish company raises 4.8m to empower restaurants & takeaways

Written by Robert McHugh, on 7th Dec 2018. Posted in General

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It was announced this week that Flipdish, the leading online ordering and loyalty platform for takeaways and restaurants, has closed a €4.8 million Series A round led by Global Founders Capital with participation by existing investor Elkstone.

The round will help accelerate Flipdish’s growth by building out its product line and delivering greater service to its expanding worldwide customer base. Flipdish currently powers over one thousand restaurants across Europe and has enabled more than €25 million in online orders to date.

Founded in 2015, Flipdish enables restaurants to directly accept online orders and manage their online presence and operations, without having to list on aggregator platforms. The company allows individual restaurants and restaurant chains to compete with food aggregators by accepting online orders directly from their customers with lower costs and a higher control over the customer experience.

Earlier this year, Flipdish raised €2.7 million from Elkstone, Enterprise Ireland and Growing Capital.

Speaking this week, Flipdish CEO, Conor McCarthy said, "It has become imperative for restaurants and takeaways to receive orders online and while the largest food chains have the resources to build software to handle this, it is prohibitively expensive for small and medium sized businesses. Flipdish is now democratising technology for these players."

He added, "This round allows us to significantly accelerate the development of our product which plays an essential part in the daily businesses of over a thousand restaurants, takeaways and delis across Europe. We give businesses of all sizes access to a world class online ordering platform ensuring that they can compete with marketplaces. By making this technology available at an affordable price, owner operated takeaways everywhere can not only keep their doors open, but thrive."

Source: www.businessworld.ie

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