Toast is a restaurant point of sale and management system that helps restaurants improve operations, increase sales and create a better guest experience.
Toast offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface.
Toast was founded in Dec 22, 2011 by Aman Narang, Jon Grimm & Steve Fredette. The company is based in Boston, Massachusetts.
Toast empowers successful restaurants by combining point of sale, front of house, back of house, and guest facing technology with an unequaled commitment to customer success. It enables the community of restaurateurs to delight guests and thrive.
Toast offers advanced functionality, as a cloud-based system built specifically for restaurants, including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface. Toast is used nationwide by restaurants, cafes, nightclubs, and enterprise franchises.
Toast is backed by industry leading investors including Bessemer Venture Partners, GV, TCV, Tiger Global Management, & T. Rowe Price among others. The company raised $400M in its Series F round on Feb 14, 2020. This brings Toast's total funding to $902M to-date.
Toast received a staggering $4.9B post money valuation after it's Series F on Feb 14, 2020. The company was previously valued at $2.7B on Mar 26. 2019 and $1.3B after its Series D round on Jul 10, 2018. The company has also acquired StratEx on Jul 24, 2019.