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 as of December 31, 2016. Nowait operates in a competitive market with competitors including Tock, Mad Mobile, Toreta, ResDiary and Queq, among others.
- Headquarter Pittsburgh, United States
- Employees 39 as on 31 Dec, 2016
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Sectors
Consumer
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 13
- Last Round Last Round
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First Round
First Round
(01 Jun 2010)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Series B - Nowait | Valuation |
investors |
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| Oct, 2014 | Amount | Series B - Nowait | Valuation |
investors |
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| May, 2014 | Amount | Series C - Nowait | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital funding is provided by Riverfront Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed and seed stage investments
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Founded Year | Domain | Location | |
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US focused early-stage VC firm investing in tech & life sciences start-ups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nowait
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nowait
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nowait Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Guest management solutions for restaurants
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| domain | founded_year | HQ Location |
Mobile retail platform with engagement and POS solutions provided.
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| domain | founded_year | HQ Location |
Digital solutions for restaurant reservations and customer management are provided.
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| domain | founded_year | HQ Location |
Reservation management system and marketplace for restaurants is operated.
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| domain | founded_year | HQ Location |
Queue management solutions are provided for restaurants via mobile app.
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| domain | founded_year | HQ Location |
SaaS-based queuing, booking, and PoS systems for restaurants are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Nowait
When was Nowait founded?
Nowait was founded in 2010.
Where is Nowait located?
Nowait is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is Nowait a funded company?
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 Series C of $10M, raised on Jun 01, 2010.
How many employees does Nowait have?
As of Dec 31, 2016, the latest employee count at Nowait is 39.
What does Nowait do?
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.
Who are the top competitors of Nowait?
Nowait's top competitors include Tock, Mad Mobile and ResDiary.
Who are Nowait's investors?
Nowait has 8 investors. Key investors include Yelp, Carnegie Mellon University, Innovation Works, Riverfront Ventures, and Drive Capital.
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