Food-order startup raises €5m in funding
An Irish startup that aims to take on food-ordering giants such as JustEat has raised almost €5m in funding.
Flipdish classes itself as an online ordering and loyalty platform for takeaways and restaurants. It lets individual restaurants directly accept online orders without having to list on aggregator platforms like JustEat.
"While the largest food chains have the resources to build software to handle this, it is prohibitively expensive for small- and medium-sized businesses," said Flipdish CEO Conor McCarthy.
The €4.8m funding round was led by Global Founders Capital with participation by existing investor Elkstone. Earlier this year Flipdish raised €2.7m from Elkstone, Enterprise Ireland and Growing Capital.
The Dublin company, started in 2015, says that it has taken more than €25m in online orders to date. "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," said McCarthy.