Nomad Go Closes $2.7M in Venture Funding
AI-based service optimizes operational efficiency and customer experience for brick-and-mortar restaurants, retail and hospitality
Bellevue, WA, September 12, 2019 – Nomad Go, the pioneer in applying AI to operational efficiency for brick-and-mortar businesses – from restaurants to retail, hospitality to entertainment – announced today it has raised $2.7 million in seed capital to scale its sales and expand its product offerings. The round was led by Flying Fish Partners with participation from Fitz Gate Ventures and Vulcan Capital. As part of the investment, Heather Redman of Flying Fish Partners will be joining Nomad Go’s Board of Directors.
“Brick-and-mortar businesses today use manual tools like stop watches, surveys with tiny sample sizes, and anecdotes to make critical business decisions about their operations,” said David Greschler, Co-Founder and CEO of Nomad Go. “Nomad Go provides physical commerce – such as fast casual restaurants and retail - with real-time data and business intelligence about their store operations to make changes that improve customer experience and increase their bottom line.” Greschler has been founding tech startups since 1999, including Softricity, which was acquired by Microsoft in 2006.
With Nomad Go, brick-and-mortar businesses get continuous data insights to answer questions that have a direct impact on operations and customer experience:
Speed of service
“With just one week of data, our customers find best practices to improve operational throughput, test changes in store designs, and measure the impact of marketing campaigns,” said Jonah Friedl, Co-Founder and CRO.
“Brick-and-mortar has been at a real disadvantage when you compare the insights they have access to versus on-line retailers. Nomad Go evens the playing field by providing real-time operational data based on almost 100% sample size,” said lead investor Heather Redman, Partner at Flying Fish. “Think of Nomad Go as Google Analytics, but for the real world.”
“Until now trying to measure the real world has been costly and ineffective,” said Jim Cohen, Co-Founder and Managing Director of Fitz Gate Ventures. “Nomad Go’s innovative technology means that any physical business can cost-effectively get access to in-depth, real-time data about their stores.”
About Nomad Go, Inc.
Nomad Go provides brick-and-mortar restaurants, retail and hospitality with the data, tools and insights needed to continuously measure store operations and optimize the customer experience, keeping customers happy, increasing traffic, and driving more revenues. For more information, visit www.nomad-go.com
About Flying Fish Partners
Flying Fish Partners, founded in 2016 and based in Seattle, is an early stage venture firm focused on providing capital and value-added support to fast-growing, high potential technology companies in the Pacific Northwest and British Columbia. The firm invests capital, expertise and relationships in early stage startups with big ideas. For more information, visit www.flyingfish.vc.
About Fitz Gate Ventures
Fitz Gate Ventures is an early stage venture capital fund which invests a majority of its capital in startups from the Princeton ecosystem. Through its 200 member "Friends of Fitz" advisory board comprised of Princeton alumni, faculty, administrators, trustees and students as well as the broader worldwide alumni network, the fund engages with the Princeton community to help it discover and diligence the best startups and then help its founders succeed (introductions to more capital, customers, mentorship). Fitz Gate's portfolio companies have been profiled in the New York Times, CNN, The Wall Street Journal, The Financial Times, Forbes, Vogue and Bloomberg. To learn more, please visit www.fitzgate.com.
About Vulcan Capital
Vulcan Capital is the multi-billion dollar investment arm of Vulcan Inc., the company founded by Microsoft co-founder and philanthropist Paul G. Allen. Vulcan Capital is focused on generating long-term value appreciation across a portfolio which spans diverse industry sectors and investment asset classes, ranging from early-stage venture investments to public equity value investing, leveraged buyouts, acquisitions, and distressed situations.
Nomad Go, Inc. and the company’s respective logos are trademarks, registered trademarks, or service marks of Nomad Go, Inc., in the United States and other countries. All other trademarks are the property of their respective owners.
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