Toast Raises $101M in Funding

Funding Rounds

▤ Summary

The round was led by new investors Generation Investment Management and Lead Edge Capital with participation from existing investors Bessemer Venture Partners.The company intends to use the new funds to further invest in talent and in Toast Online Ordering, enabling an ordering experience across various devices and channels, and enhancing key areas of the platform such as self-ordering kiosks, handheld pay-at the-table experiences, CRM and marketing tools, advanced reporting, inventory, loyalty.Founded by Steve Fredette, Aman Narang and Jonathan Grimm and led by Chris Comparato, CEO, Toast is a restaurant technology platform that enables customers to simplify and streamline all elements of their operation.To this end, the company offers a mobile, cloud-based point of sale system (POS) that integrates with front-of-house, back-of-house, online ordering, gift card and loyalty programs, as well as labor and sales reporting.Launched in 2013, the company serves Costa Vida, O’Maddy’s Bar & Grille, Pieology, Beef ‘O’ Brady’s, Bareburger, Jeni’s Splendid Ice Creams, b.good, The Human Bean, Protein Bar, and Sticky Fingers Ribhouse, among others.

$ Funding

$
Amount $101.0M Total raised
□
Date July 25, 2017 Announcement date
◎
Investors Toast Lead investors
▥
Company http://www.toasttab.com Funded company

▥ Classifications

industries
Food & Beverage
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Restaurant Software Point of Sale Software SaaS

▦ Linked Companies