Carnegie Mellon University backs NoWait, set up by alumnus Robb Myer, in a $2m round.
NoWait, the waiting-list management app developer, has closed a $2m series A round led by Birchmere Ventures with participation from Carnegie Mellon University. The round was also joined by Sand Hill Angels.
The Pittsburgh-based company’s total venture funding raised in its history is now $2.025m. The company previously received $25k seed funding from accelerator AlphaLab, a programme run by seed-stage investor Innovation Works in June 2010.
In June 2012, NoWait received a $50k grant from CMU as part of the university’s Open Field Entrepreneurship Fund. The firm also received mentorship as part of the deal in exchange for a 5% stake in NoWait.
As part of the round, Sean Ammirati, partner at Birchmere and adjunct professor at CMU will be stepping up from an advisor role to the company’s board of directors.
NoWait has developed an app that cuts waiting time in restaurant queues by allowing customers…
