Toast, the restaurant management platform start-up from Boston, recently announces their series F funding of $400 million. Toast provides payment processing hardware in addition to cloud based software, making it the fastest-growing restaurant management platform in the U.S.
The series F funding round is co-led by Bessemer, TPG, Greenoaks Capital and Tiger Global Management. In addition, Durable Capital Partners LP, TCV, funds and accounts advised by T. Rowe Price Associates Inc., G Squared, Light Street Capital, Alta Park Capital and others also participated in the new financing.
This round of funding has risen Toasts value to $4.9 billion.
Toast has quickly become the go to platform for restaurants of all sizes from entrepreneurs to globally recognized brands. In 2019, revenue...