Toast IPO

pos.toasttab.com

Toast, Inc. was founded in 2013 by Amam Narang and Stephen Fredette. In an interview with Xconomy in April 2019, Fredette stated that “an IPO is not out of the question as an option for us” and that “[their] intent is to build a technology platform as a sustainable entity.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Toast develops restaurant management systems ranging from point-of-sale hardware to delivery management software. The cloud-based software allows for menu modification and online ordering integration. Toast has also announced it was launching a loan service tailored for restaurants. The company has raised nearly $900 million in Venture Capital funding from investors including Counterpart Advisors, Durable Capital Partners, Greenoaks Capital Partners, Light Street Capital Management, Riot Ventures, TCV, G Squared, Tiger Global Management, T. Rowe Price, Lead Edge Capital, Teamworthy Ventures, TriplePoint Venture Growth, Bessemer Venture Partners, and GV. Per company press releases, Toast last raised $400 million in February 2020 at a post-money valuation of nearly $5 billion.

Founded2011
Total Funding to Date$858.23MM
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Toast Ticker Symbol

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Major Investors for Toast

Bessemer Venture Partners
Tiger Global Management
Greenoaks Capital
TCV
Alta Park Capital
TPG
G Squared
Durable Capital Partners
Light Street Capital

Toast Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
2/14/2020 Series F $4.9B $XXX.XX $XXX.XX
4/1/2019 Series E $2.67B $XXX.XX $XXX.XX
7/10/2018 Series D $1.68B $XXX.XX $XXX.XX
6/27/2017 Series C $504MM $XXX.XX $XXX.XX
1/6/2016 Series B $125MM $XXX.XX $XXX.XX
12/31/2013 Series A $10MM $XXX.XX $XXX.XX
Based on primary financings

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