Toast is a leading cloud-based restaurant technology platform offering integrated solutions for POS, payments, online ordering, delivery management, inventory, team management, and analytics. Designed specifically for food-service businesses, Toast enables restaurants to streamline operations, grow revenue, and elevate the guest experience through a unified SaaS and hardware ecosystem. The platform supports restaurants of all sizes—from small cafés to enterprise chains—helping them run more efficiently with data-driven insights and real-time automation tools.
What Is Toast and What Does It Do?
Toast, founded in 2011 by Steve Fredette, Aman Narang, and Jonathan Grimm, is a Boston-based (United States) food-tech platform specializing in restaurant operations management.
The company builds cloud-based tools for POS, payments, analytics, and delivery automation, enabling restaurants to digitize end-to-end workflows.
Toast employs 5,700 employees, supporting customers across thousands of restaurant locations.
Its platform offers hardware terminals, payment devices, kitchen display systems, and a subscription-based software suite that powers menus, labor, marketing, and back-office operations, making hospitality more efficient and data-driven.
How Much Funding Has Toast Raised?
1. Series F
- Amount Raised: $400M
- Lead Investors: TPG, Bessemer Venture Partners, Tiger Global Management, Greenoaks, Durable Partners, Light Street Capital, G Squared, TCV, Alta Park Capital
- Motivation: To scale operations, expand product offerings, and strengthen global market presence.
2. Series E
- Amount Raised: $250M
- Lead Investors: TCV, Tiger Global Management, Bessemer Venture Partners, T. Rowe Price, Lead Edge Capital
- Motivation: To accelerate growth and support expansion into new restaurant segments.
3. Series D
- Amount Raised: $115M
- Lead Investors: T. Rowe Price, Tiger Global Management, Bessemer Venture Partners, Generation Investment Management, Lead Edge Capital
- Motivation: To invest in advanced product development and strengthen infrastructure.
Total Funding Raised: $900M
Current Valuation: $4.9B
Latest Funding Date: February 2020
Key Investors
1. TCV
- Details: TCV is a global growth equity firm backing innovative technology companies.
- Investment Focus Areas: Software, internet, consumer tech.
- Notable Investments: Netflix, Airbnb, Spotify.
2. Tiger Global Management
- Details: A worldwide investment firm deploying capital in private and public tech companies.
- Investment Focus Areas: Internet, software, fintech.
- Notable Investments: Stripe, Meta, LinkedIn.
3. Bessemer Venture Partners
- Details: One of the world’s oldest VC firms investing in category-defining businesses.
- Investment Focus Areas: Cloud, enterprise, consumer tech.
- Notable Investments: Shopify, Yelp, Twilio.
4. TPG
- Details: A global alternative asset firm backing companies with long-term growth potential.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Uber, Airbnb, Spotify.
5. G Squared
- Details: A global investor in late-stage technology companies.
- Investment Focus Areas: SaaS, mobility, fintech.
- Notable Investments: Lyft, Pinterest, Instacart.
Where Is Toast’s Headquarters?
Toast is headquartered in Boston, Massachusetts, giving it strategic access to top engineering talent, enterprise customers, and the thriving East Coast tech ecosystem. Its location also strengthens its position within the growing U.S. restaurant-technology and payments infrastructure market.
What’s Next for Toast?
Toast is expected to further expand into international markets while deepening its product ecosystem across payments, payroll, inventory automation, and restaurant-specific AI tools. With strong industry demand for digital-first operations and an expanding partner network, Toast is poised to strengthen its footprint among enterprise hospitality chains while continuing innovation in restaurant automation.
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