What is Flyt?
Flyt Ltd operates as a critical integration layer for the global restaurant sector, facilitating seamless connections between major food ordering websites such as SkipTheDishes, Menulog, Just Eat, and Takeaway.com. The platform is engineered to simplify and automate restaurant operations by integrating disparate systems including Point of Sale (POS), kitchen display systems, and inventory management. This integration allows for real-time synchronization of menus and efficient processing of incoming orders. With a robust network of over 80 integrated systems and round-the-clock support, Flyt serves prominent restaurant brands across North America, Europe, and Australasia. As a component of Just Eat Takeaway.com, Flyt is dedicated to improving operational workflows and elevating guest satisfaction for its restaurant partners.
How much funding has Flyt raised?
Flyt has raised a total of $17M across 4 funding rounds:
Angel/Seed
$250K
Angel/Seed
$1.7M
Series A
$10.7M
Unspecified
$4.3M
Angel/Seed (2013): $250K with participation from Beacon Capital
Angel/Seed (2014): $1.7M led by Entree Capital
Series A (2015): $10.7M supported by Time Out
Unspecified (2016): $4.4M featuring Just Eat
Key Investors in Flyt
Just Eat
Just Eat, a prominent player in the online food ordering and delivery market, has invested in Flyt, likely to enhance its own platform's integration capabilities and operational efficiency for its restaurant partners.
Time Out
Time Out, known for its global media and entertainment platform, has provided backing to Flyt, suggesting an interest in the intersection of food services, technology, and consumer engagement.
Entree Capital
Entree Capital is an investment firm that typically supports early-stage technology companies, indicating their belief in Flyt's foundational technology and market potential during its initial growth phases.
What's next for Flyt?
The recent major strategic investment positions Flyt for accelerated growth and further development of its integration capabilities. This capital infusion is likely to be directed towards expanding its technological infrastructure, enhancing its suite of services, and potentially broadening its geographical footprint. Given its integration into the Just Eat Takeaway.com ecosystem, Flyt is poised to leverage this strategic backing to solidify its market leadership. Future initiatives may include deeper integrations with emerging food tech solutions and further optimization of its platform to meet the evolving demands of the global restaurant industry, driving increased efficiency and customer engagement.
See full Flyt company page
