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

February 19, 2020
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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.

Read more here.

February 19, 2020

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