Portfolio Partnership

Elkstone is proud to have been an early supporter of Flipdish, and its founders Irish brothers Conor and James McCarthy. Recognising the company's potential to revolutionise the food service industry, Elkstone led a €2 million funding round in July 2018, facilitating Flipdish's expansion and product development. Later that year, Elkstone participated in a €4.8 million Series A round led by Global Founders Capital, further accelerating Flipdish's growth trajectory. These strategic investments contributed to Flipdish's evolution into a global leader in digital ordering solutions, culminating in a $100 million funding round in January 2022, which elevated the company's valuation to $1.25 billion and secured its status as a technology 'unicorn'. Elkstone's partnership with Flipdish exemplifies our commitment to empowering Irish entrepreneurs to scale internationally and redefine their industries.

Founders Journey

In 2015, brothers Conor and James McCarthy identified a critical need in the hospitality industry: empowering restaurants to maintain control over their online ordering systems without relying on third-party aggregators. This insight led them to establish Flipdish, a platform designed to provide restaurants with the tools necessary to manage their own branded online ordering experiences. Conor, leveraging his background in software development and previous entrepreneurial ventures, and James, with his diverse experience spanning architecture and business development, combined their expertise to address this market gap. Their commitment to innovation and understanding of the industry's challenges enabled Flipdish to evolve rapidly, achieving unicorn status with a valuation exceeding $1 billion. Elkstone is proud to have supported Conor and James on their journey, witnessing firsthand their dedication to transforming the digital landscape for restaurants globally.