Toast
Toast Raises $400M in Series G
Quick Facts
Toast Raises $400M in Series G
Toast has successfully raised $400M in a Series G at a $20B valuation led by Bessemer Venture Partners, Lead Edge Capital, T. Rowe Price, Tiger Global, TCV, GV, Generation Investment Management.
Company Overview
Toast is a Restaurant Tech company headquartered in 401 Park Drive, Boston, MA 02215, founded in 2011 with 5000+ employees.
Restaurant point-of-sale and management platform
Fundraising Details
- Amount Raised: $400M
- Round Type: Series G
- Valuation: $20B
- Date: 2024-04-15
- Investors: Bessemer Venture Partners, Lead Edge Capital, T. Rowe Price, Tiger Global, TCV, GV, Generation Investment Management
About Toast
Restaurant point-of-sale and management platform The company is positioned in the Restaurant Tech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 401 Park Drive, Boston, MA 02215
- Founded: 2011
- Team Size: 5000+
- Industry: Restaurant Tech
What This Means
This funding round demonstrates strong investor confidence in Toast's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Restaurant Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Toast's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $20B valuation marks an important milestone for Toast, positioning the company among notable players in the Restaurant Tech industry.
Looking Ahead
With this new capital, Toast is well-positioned to execute on its growth strategy and continue building innovative solutions in the Restaurant Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-04-15. For more information about Toast, visit their headquarters at 401 Park Drive, Boston, MA 02215.
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