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.

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Learn more about Toast

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What is Toast's IPO price?

Toast's IPO price is $17.38 as of 1/18/24.
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What is Toast's funding to date?

Toast has raised $858.23MM to date.
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When was Toast founded?

Toast was founded in 2011.

Who are Toast's major investors?

Bessemer Venture Partners
Greenoaks Capital
G Squared
Durable Capital Partners
Light Street Capital
Alta Park Capital

Toast Funding Rounds and Last Known Valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
2/14/2020 Series F $407.69MM raised $XXX.XX $XXX.XX
4/1/2019 Series E $250MM raised $XXX.XX $XXX.XX
7/10/2018 Series D $115MM raised $XXX.XX $XXX.XX
6/27/2017 Series C $54.13MM raised $XXX.XX $XXX.XX
1/6/2016 Series B $29.91MM raised $XXX.XX $XXX.XX
12/31/2013 Series A $1.5MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: May 22, 2024


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