About Nowait
Nowait is a company based in Pittsburgh (United States) founded in 2010 was acquired by Yelp in March 2017. Nowait has raised $52.2 million across 13 funding rounds from investors including Yelp, Carnegie Mellon University and Innovation Works. The company has 39 employees. Nowait operates in a competitive market with competitors including Tock, Mad Mobile, Toreta, ResDiary and Queq, among others.
Funding Insights of Nowait
Nowait has successfully raised a total of $52.2M across 13 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $52.2M
- Total Rounds 13
- First Round $25,000
(Jun 2010)
- Investors Count 8
Latest 10 of 13 funding rounds of Nowait with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2016 | – | Series B | – | – | |
| Oct 2014 | $24M | Series B | – | – | |
| May 2014 | $10M | Series C | – | – | |
| May 2014 | $10M | Series B | – | Drive Capital | |
| Oct 2013 | $1.97M | Series B | – | – | – |
| Oct 2013 | $1.97M | Series A | – | – | – |
| Dec 2012 | – | Series A | – | Innovation Works | – |
| Aug 2012 | $2M | Series A | – | – | |
| Aug 2012 | $2.13M | Series A | – | Birchmere Ventures, Sand Hill Angels | – |
| Jun 2012 | $50,000 | Seed | – | – |
8 investors in total: 8 institutional.
Investors in Nowait
Nowait has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Yelp, Carnegie Mellon University and Innovation Works.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital funding is provided by Riverfront Ventures. | – | riverfrontventures.com | Pittsburgh, United States | |
Venture capital firm focused on pre-seed and seed stage investments | – | drivecapital.com | Columbus, United States | |
US focused early-stage VC firm investing in tech & life sciences start-ups | – | birchmerevc.com | Pittsburgh, United States | |
Software, hardware, and life sciences startups are funded and accelerated. | 1999 | innovationworks.org | Pittsburgh, United States | |
Angel funding is provided to Silicon Valley-based companies. | – | sandhillangels.com | Mountain View, United States | |
Accelerator programs supporting startups in technology sectors, including software and robotics, in Pittsburgh. | – | alphalab.org | - | |
Platform for discovering and sharing local businesses | 2004 | yelp.com | San Francisco, United States | |
University offers multiple courses across engineering and business mangement | 1900 | cmu.edu | United States |
Investor details for Nowait
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Nowait
4 dated milestones of Nowait across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Nowait is founded.
- Funding First funding round of $25K.
- Funding Latest funding round, Series B,.
- Exit Acquired by Yelp.
Competitors of Nowait
Nowait operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tock, Mad Mobile, Toreta, ResDiary and Queq, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| exploretock.com | 2014 | Chicago, United States | $29.53M | 178 | Guest management solutions for restaurants | |
| madmobile.com | 2010 | Tampa, United States | $20M | – | Mobile retail platform with engagement and POS solutions provided. | |
| toreta.in | 2013 | Shinagawa, Japan | $41.16M | – | Digital solutions for restaurant reservations and customer management are provided. | |
| resdiary.com | 2006 | Glasgow, United Kingdom | – | 70 | Reservation management system and marketplace for restaurants is operated. | |
| queq.me | 2013 | Bangkok, Thailand | $2.8M | – | Queue management solutions are provided for restaurants via mobile app. | |
| mwee.cn | 2013 | Shanghai, China | $162M | – | SaaS-based queuing, booking, and PoS systems for restaurants are offered. | |
| librorez.com | 2014 | Montreal, Canada | – | – | Table reservations are managed via a cloud-based platform. | |
| urvenue.com | 2009 | Las Vegas, United States | – | – | SaaS-based reservation management is provided for restaurants, nightclubs, and bars. | |
| nowwaiting.co | 2016 | Seoul, South Korea | – | – | Online ordering and waitlist management solutions are provided for restaurants. | |
| waitwhile.com | 2015 | San Francisco, United States | $12M | 12 | Provider of waitlist management app for businesses |
Detailed competitors of Nowait
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Nowait
10 companies that operate in the same segment as Nowait (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 7,780 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 590.8 M | – | – | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 1.15 B | USD 6.15 B | 5,700 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – | |
Food delivery services are offered in major Indian cities. | 2012 | Mumbai, Maharashtra, India | USD 97.72 M | USD 39.01 M | 3,150 |
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Frequently Asked Questions about Nowait
Nowait was founded in 2010.
Nowait is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Nowait is a funded company, having raised a total of $52.2M across 13 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Jun 2010.
Nowait has 39 employees.
NoWait is cloud based seating management software that seamlessly connects guests with restaurants real-time waitlists. They have a iPad wait list that notifies guests by text message when tables are ready as well as enables in-restaurant advertising direct to guests phones. The app is currently used in casual-dining restaurants across US, including major national chains such as Chilis, First Watch, On The Border, and Buffalo Wild Wings, as well as popular independent hotspots like Clinton St. Baking Company. To date, NoWait has seated more than 300 million diners and regularly seats more than 30 million diners every month. As of Feb 2016, they have over 4,000 restaurants.
Nowait's top competitors include Tock, Mad Mobile and ResDiary.
Nowait has 8 investors. Key investors include Yelp, Carnegie Mellon University, Innovation Works, Riverfront Ventures, and Drive Capital.
Yes. Nowait was acquired by Yelp in March 2017.