Irish food ordering platform, Flipdish, has been named the top scale-up in Ireland, and placed fourth in Europe at the prestigious Tech5 awards, hosted in Amsterdam.
Now in its eighth year, Tech5 showcases the hottest young scale-ups in Europe based on their performance, growth, and potential. It has been a launchpad for companies such as Transferwise, Delivery Hero, Cabify, Foodpanda, Emma Mattress and iZettle. Tech5 finalist alumni have raised over $10 billion in funding altogether over the last eight years.
The Tech5 judging panel consists of investors, influencers, and technology experts. Each year, they identify the hottest 100 companies across Europe by examining growth rate, significant company milestones, fundraising, and disruptive potential.
Established in 2015 to enable restaurants and hospitality businesses to take orders online without relying on food marketplaces or aggregators, Flipdish allows proprietors to avoid the high commission fees associated with such platforms by providing the software for them to set up their own website, in app or digital kiosk ordering systems.
Following the impact of the pandemic more businesses than ever have been pushed online even as restrictions begin to be lifted with Flipdish seeing a global increase of 800% in QR code table orders between August 2020 and August 2021. Flipdish helps to meet customers’ expectations of multiple easy ordering options at home or when eating out.
“We’re delighted to be recognised in the Tech5 awards. It’s been a big year for Flipdish and this is a pivotal moment to totally transform the hospitality sector for the better with technology. It’s all about restaurant, pub and hotel owners implementing the right technology for their business at the right time.” James McCarthy, Co-Founder and CCO of Flipdish.
“We’re really excited about the growth of our QR code table ordering product and the success it’s driving for our customers as contactless ordering becomes the norm in the hospitality industry. There’s also huge commercial value as research shows the average order value is 30% bigger when purchased through a digital ordering system such as QR codes and kiosks. So, not only are staffing issues eased, but our customers’ revenues also reap the rewards.” McCarthy continued.
Flipdish’s win is testament to the growing tech community in Ireland. Other scale-up finalists in Ireland included ApisProtect, Buymie, Circit and Manna Drone Delivery.
“It’s really exciting to bring Europe’s most successful new businesses together and celebrate innovation. Agility has always been important to us and seeing so many scale-ups adapt and thrive following the impact of COVID-19 is definitely worth celebrating” Colin Neil, Managing Director Adyen UK.
“There has been an increase in both the use of digital platforms and in-home ordering following the pandemic and companies like Flipdish have helped hospitality businesses to succeed in challenging times. The digital industry in Ireland has really grown over the last few years and Flipdish being in the top four really highlights that.”
Patrick de Laive, Co-founder at The Next Web commented: “This year’s Tech5 class shows what is great about business. Despite the challenges of the past few years, European innovators can’t be slowed. There have been some truly inspiring organisations emerge and do great things and not just in a business sense – which is what Tech5 is all about. We’re here to celebrate growth, innovation and new ideas, to show the world that Europe is fertile ground for start-ups and scale-ups.”