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Yelp acquires restaurant waiting list tech startup Nowait in a $40 million all-cash deal

Mar 01, 2017 - VentureBeat

Mar 01, 2017( VentureBeat: http://venturebeat.com/ Delivered by Newstex) Yelp has acquired restaurant technology startup Nowait[1] in an all-cash deal valued at $40 million. Founded out of Pittsburgh in 2010, Nowait integrates its technology with that of restaurants to streamline and optimize front-of-house operations, including table turnover and waiting lists.

The company had raised around $22 million in funding since its inception, and perhaps most notably Yelp made a strategic $8 m...