Restaurant Management Platform Toast Raises a Whopping $115 Million
Restaurant management platform Toast is announcing a $115 million Series D this morning. The company sets itself apart from a slew of competitors helping restaurants enter the digital age in some capacity by offering a full-stack solution comprising back-office, front-end, and guest-facing technology.
The funding comes courtesy of T. Rowe Price Associates and Tiger Global Management, as well as existing investors. The round values Toast at $1.4 billion.
With its new capital, Toast will seek talent capable of staffing new offices around the world. In addition to offices in Boston and Dublin, it is opening doors in Portland, Oregon and Omaha, Nebraska.
Toast’s revenue increased 150% over the last year. Its current clients include Jamba Juice, B.Good, and Sepia.