Community based initiative that emerged from COVID-19, signs with first venture capital partner
Pycap Venture Partners joins w8time as strategic partner
Toronto, Ontario – July 9, 2020 – w8time, a Canadian start-up that tracks and shares queue times, announced today a new strategic partnership with Pycap Venture Partners, a venture capital and corporate finance firm. The new partnership will help w8time to further expand its offerings geographically and launch a new app this summer.
“Waiting in line is something that has always been a part of our reality but was exasperated by the current crisis. Our vision is to become the authority of time saving solutions using the aid of advanced algorithms, compatible with Artificial Intelligence,” said Founder of w8time, Guillermo Herrera-Valencia. “With Pycap providing strategic oversight, we are better poised to keep the community better informed and launch our app in the up-coming weeks.”
Powered by the community
w8time emerged during the pandemic crisis as a public service that tracks wait times in an effort to better distribute traffic and consequently save users time. Founded by Guillermo Herrera-Valencia, a Toronto-based start-up technology professional, and co-founded by Henrry Araujo, an Application Advisory Developer and Data Engineer, w8time began from humble beginnings when Guillermo tracked the queue through Instagram @w8time for his neighbour liquor store in Toronto. Immediately, he received positive feedback from the local community who also helped power the platform and requested for further expansion. Since then, the platform has grown to increase its user base and contributors help to track wait times at grocery, liquor and hardware stores across Ontario with a heavy emphasis in Toronto.
What’s next for w8time
w8time aims to transform the waiting experience. The company is on the heels of launching its app late this summer. The app will continue to track wait times at shops, but hope to expand to airports, restaurants, retail stores, doctor’s offices, theme parks and more. In addition to tracking wait time, the app will also offer rewards to community users updating lineup wait times. Together, Pycap and w8time will expand the user base beyond the Toronto area. The beta version is available, be one of the first to try it here https://w8time.org/beta
w8time joins Pycap’s portfolio of early-stage technology companies including ChargerQuest, SRX Collect, Be-Hive and more. Pycap is best known for providing strategic advisory and financial services to early-stage companies. The new partnership will see the venture capital company provide strategic oversight as w8time expands.
“The waiting experience is something that everyone can relate to and w8time has the right people supporting the company to take it forward. We see the potential in this mission and are proud to be one of the first major partners,” said Stuart Browne, CEO and Founder of Pycap Venture Partners. “We’re honoured that the w8time team selected us to help them move the company forward.”
w8time, pronounced wait time, takes the waiting experience to a new level. w8time is a public service powered by the community which tracks lineup waiting times. w8time also offers carefully curated content to make the wait time more enjoyable. Visit w8time.org to learn more.
Pycap Venture Partners is a venture capital and corporate finance firm providing financing and value creating solutions for early stage companies, administrative, investment and management services for venture capital and private equity investment vehicles. Pycap’s portfolio currently has 10 companies including SRX Collect, Be-Hive, Alta Robotique, ChargerQuest and w8time. Visit pycap.ca to learn more..
Save time with w8time. Submit your lineup wait time, win and help others