Tencent led a nine-figure round valuing the hospitality software provider at $1.25bn as the industry’s digitalisation gathers pace.

Internet and gaming group Tencent led a funding round for Flipdish, the Ireland-based developer of a customer experience software platform, sized at approximately $100m today, highlighting the steady digitalisation of the hospitality industry.

The round values the company at $1.25bn and the proceeds will be used to grow its presence globally as it looks to ramp up research and development and add some 700 new hires over the course of 2022.

Founded in 2015, Flipdish provides white label technology that…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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