Acquiring

NoWait Raises $10 Million In Series B Funding

NoWait - a mobile wait listing service that allows app users to view list of nearby restaurants, check wait times and distances and allows them to join wait lists from a mobile phone - has raised $10 million in Series B funding. The round was led by Ohio-based Drive capital and joined by existing investors, reports TechCrunch.

Apart from texting diners that their tables are ready, NoWait also allows restaurants send brief marketing messages that can be used to promote specials, appetizers or anything else the merchant is specifically trying to draw attention to. The company is also exploring the possibility of adding push notifications.

Pittsburgh-based NoWait had previously raised $5.5 million in seed and Series A rounds. Currently, the company employs only 30 employees but now plans to add to its headcount across the organization with its new funding. The money will also go toward bringing customer-requested features to market, such as enhanced reservations and guest data.

NoWait went nationwide earlier this year, with the goal reaching a thousand restaurants by the end of the year. So far, the company has seated more than 50 millions diners and is now seating over 5 million diners per month, 1.9 million more than they were seating at the beginning of 2014.

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