Irish food delivery start-up Flipdish has secured a €40m ($48.5m) investment from American investment firm Tiger Global Management to expand its operations across Europe.
The company will also use the new capital to expand its service to current customers and increase investment in an online ordering product.
Founded in 2015 by brothers Conor and James McCarthy, Flipdish provides a white-label platform for foodservice establishments, including independent restaurants and major brands such as Subway and Romayo’s.
Announcing the new investment in a blog post, McCarthy said: “We are delighted that Tiger Global has selected our business as the best investment opportunity in this space in Europe and we look forward to realising our goal of protecting and empowering a diverse, independent food sector.”
Flipdish’s platform enables restaurants to handle online orders through their own websites and launch loyalty programmes for customers.
In addition to restaurants, Flipdish’s platform is used by hotels, takeaways, and a range of other food businesses.
It currently operates in 15 countries, including the UK, Ireland, Germany, Spain, France, and the US.
The company works with several delivery fleets, including Stuart, Ziticity, and drone delivery start-up Manna Aero, to fulfil the orders.
The company said it has processed five million orders last year.
Earlier this year, restaurant and hospitality tech start-up Bbot closed a $4m seed extension funding round led by Rally Ventures.
In December last year, Chinese food and grocery delivery platform HungryPanda raised more than $70m in funding.