What is Toast?
Founded in 2012 and headquartered in Boston, Massachusetts, Toast operates as a specialized cloud-based restaurant software provider. The company designs and develops an integrated suite of point-of-sale and management software systems. By streamlining operations, increasing sales efficiency, and enhancing the guest experience, Toast has positioned itself as a critical infrastructure partner for restaurants of all sizes. Its platform serves as a digital backbone, enabling operators to manage complex workflows, inventory, and customer engagement through a unified interface.
How much funding has Toast raised?
Toast has raised a total of $1.9B across 8 funding rounds:
Series A
$3M
Debt
$3M
Series B
$30M
Series C
$101M
Series D
$115M
Series E
$250M
Series F
$400M
Stock Offering
$1B
Series A (2015): $3M with participation from Princeton Ventures Management
Debt (2015): $3M led by Undisclosed
Series B (2016): $30M supported by Google Ventures and Bessemer Venture Partners
Series C (2017): $101M featuring GV, Generation Investment Management, Bessemer Venture Partners, and Lead Edge Capital Management
Series D (2018): $115M backed by T. Rowe Price Associates and TriplePoint Venture Growth BDC
Series E (2019): $250M with participation from T. Rowe Price Associates, Technology Crossover Ventures, Bessemer Venture Partners, Lead Edge Capital Management, and TriplePoint Venture Growth BDC
Series F (2020): $400M led by Technology Crossover Ventures, TPG, T. Rowe Price Associates, Alta Park Capital, G Squared, Durable Capital Partners LP, GREENOAKS, Bessemer Venture Partners, Lead Edge Capital Management, Light Street Capital, and TriplePoint Venture Growth BDC
Stock Issuance/Offering (2021): $1B, investors not publicly disclosed
Key Investors in Toast
Bessemer Venture Partners
Bessemer Venture Partners is a long-standing venture capital firm with a global footprint, focusing on early-stage and growth-stage investments across diverse technology sectors.
GV
GV is a venture capital firm that invests across multiple stages and sectors, with a specific focus on enterprise solutions, consumer products, and frontier technology innovations.
Lead Edge Capital Management
Lead Edge Capital is a growth equity investment firm that focuses on investing in private and public software, internet, and tech-enabled services businesses on a global scale.
What's next for Toast?
Looking ahead, Toast is well-positioned to leverage its substantial capital reserves to further penetrate the global restaurant technology market. The company's strategic focus remains on deepening its software ecosystem, potentially through further product innovation or targeted acquisitions that complement its existing management suite. As the hospitality sector continues to digitize, Toast's ability to maintain its competitive edge will depend on its capacity to integrate advanced fintech capabilities and data-driven insights into its core offering. The firm's history of securing major strategic investment suggests a clear path toward sustained long-term value creation for its stakeholders and continued dominance in the restaurant SaaS landscape.
See full Toast company page
