NoWait, Inc

NoWait, Inc

Provides a smoother experience, from the front-of-house to behind-the-scenes. Learn more

Launch date
Market cap
-
Enterprise valuation
CAD55m (Public information from Mar 2017)
Pittsburgh Pennsylvania (HQ)
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DateInvestorsAmountRound
-

N/A

-
N/A

$25.0k

Seed
N/A

$40.0k

Debt
N/A

$30.0k

Grant

$50.0k

Seed

$2.0m

Series A
N/A

$2.0m

Early VC

$10.0m

Series B

$8.0m

Early VC

$40.0m

Valuation: $40.0m

Acquisition
Total FundingCAD30.1m

Recent News about NoWait, Inc

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NoWait.com is a startup that provides innovative restaurant management solutions under the brand "Yelp for Restaurants." The company primarily serves the restaurant industry, offering tools that help streamline front-of-house operations, such as managing reservations, reducing wait times, and increasing sales. Their target clients are restaurant owners and managers who are looking to improve efficiency and customer satisfaction.

Operating in the highly competitive restaurant management software market, NoWait.com differentiates itself by integrating seamlessly with a variety of digital tools that restaurants already use. This flexibility makes it easier for restaurants to adopt their solutions without overhauling their existing systems. The company boasts a significant reach, claiming to engage eight times more people than its competitor, OpenTable, according to a 2018 comScore report.

NoWait.com employs a subscription-based business model, where restaurants pay a monthly fee to use their software. This model ensures a steady revenue stream while providing value to clients by eliminating per-cover fees, which are charges based on the number of diners seated. This approach can save restaurants an average of $800 per month, making it a cost-effective solution for managing reservations and customer flow.

The company also leverages its extensive network and community of industry experts, celebrity chefs, and experienced restaurateurs to offer advice and best practices. This added value helps restaurants not only manage their operations more efficiently but also improve their overall business strategy.

In summary, NoWait.com is a comprehensive restaurant management solution that helps restaurants increase efficiency, reduce costs, and improve customer satisfaction through a subscription-based model.

Keywords: restaurant management, reservations, wait times, sales increase, digital tools, integration, subscription model, cost-effective, customer satisfaction, industry expertise.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.