Toast, restaurant management tech platform, closes $400M Series F round

Toast, the US-based restaurant management tech provider, has recently announced the closing of a successful $400 million Series F round.

This brings the company’s total valuation to $4.9 billion.

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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