NoWait

NoWait

A company that had a wait list mobile application that was used in restaurants by owners and customers alike. It was founded in 2010 and acquired by Yelp in March 2017.

About

NoWait was a PIttsburgh-based company with mobile software for restaurants that could be used by restaurant staff for organizational purposes and used by customers to manage their wait times at restaurants. It participated in the AlphaLab 06/01/10 cohort and raised an estimated $22,105,310. Later it exited with an estimated value of $40,000,000 when it was acquired by Yelp in March 2017.

Product

The company's app was a wait list and seating tool that was used by over 4,000 restaurants that were in its network. It was generally used by casual dining restaurants, such as Chili's and Buffalo Wild Wings. Customers could use the app to add their name to a restaurant wait list before actually arriving at the restaurant. Other information that was available to customers included wait times and receiving a text to be alerted when their table was ready.

NoWait was utilized by restaurants to manage their wait lists as well as viewing data for table turnover times and analytics of that data. Restaurants needed to pay a monthly subscription ranging from $179 to $249, depending on the plan that was chosen.

Timeline

March 2017

Yelp acquires NoWait.

Yelp acquires the company for $40,000,000.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
NoWait seed round
25,000
June 1, 2010
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People

Name
Role
LinkedIn

Adam Gerson

Employee

Alan Mark

Investor

Alistair Rock

Advisor

Andrew Hain

Employee

Bethany Rochmann

Employee

Bill O'Rourke

Employee

Caleb Brown

Employee

Chip Homer Jr

Employee

Christopher Riley

Employee

Danielle Gillespie

Investor

Dave Strigler

Investor

David Ambrose

Advisor

David Koehn

Investor

Devon George

Investor

Don Klaiss

Investor

Eric Silver

Investor

Frank Demmler

Investor

Gordon Chaffee

Investor

Greg Murtland

Employee

Harry Karatassos

Employee

Jaclyn Montgomery

Employee

James Belt

Founder

Jammie Mountz

Employee

Jennifer Gore

Employee

Jim Jen

Investor

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Further reading

Title
Author
Link
Type
Date

NoWait app promises easier restaurant wait

Jefferson Graham

Web

February 13, 2014

Nowait: Never Wait Around for a Restaurant Table Again

Carolyn Nicander Mohr

Web

March 2, 2017

Documentaries, videos and podcasts

Title
Date
Link

Area restaurants sign up to be part of No Wait app

Companies

Company
CEO
Location
Products/Services

References

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