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NoWait announced that it has raised $10 million led by Drive Capital, a $250 million Ohio-based fund focused on Midwestern companies. NoWait helps restaurants replace traditional pen-and-paper and buzzers with its full front-of-house, iPad-based system.
Guests use NoWait's recently launched consumer-facing application to view a list of nearby restaurants and real-time wait times, enabling them to join wait lists remotely from their mobile phones, according to a news release. NoWait has increased the number of diners seated monthly from 700,000 to more than 5 million, and has on-boarded nearly 1,000 restaurants to its consumer app since launching nationally three months ago, the release said.
The company will use the $10 million investment to expand its network of restaurants and consumers, ramp up engineering to support its technology roadmap and continue developing more products and services to enhance the guest experience and restaurant operations.
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