Monday, November 6, 2017

QLess Raises $5.5M In New Funding

Pasadena-based QLess, which develops software to help eliminate lines for businesses, has raised $5.5M in a private equity funding, the company said today. The funding was led by Palisades Growth Capital and Act One Ventures, and also included several of its prior investors. As part of the funding, Palisades' Jeff Anderson and Bridge President/COO Mike Bell will both join the company's board of directors. QLess is led by founder and CEO Alex Backer; the company develops mobile apps that help reduce the time spent standing in line at government offices, hospitals, universities and retail stores. The company said its software is now deployed in more than 1,000 locations. More information »