The round was led by Bessemer Venture Partners, TPG, Greenoaks Capital and Tiger Global Management.
Durable Capital Partners, TCV, G Squared, Light Street Capital, Alta Park Capital, as well as funds and accounts advised by T Rowe Price Associates, also participated in the round.
Launched in 2013, Toast provides restaurants with a technology platform that includes point-of-sale (POS), online ordering and delivery, payroll and other applications.
With the new proceeds, the company plans to introduce new products to meet the varied requirements of the restaurant industry.
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