Toast: Secures $400M in Series F Funding Valued at $4.9 Billion
- Toast, a Boston, MA-Based restaurant management platform provider, raised $400M in Series F funding
- It also counts firms such as T. Rowe Price and Generation Investment Management as investors
- The new funding will be used to invest in new products across hardware, software, and financial services to address pain points in the restaurant industry
- The company will also be hiring hundreds of, if not more than a thousand, new employees as well, Barash said
- Toast also will invest proceeds from this fundraise into its technology platform to meet the evolving needs of the restaurant industry
- Tens of thousands of restaurants partner with the company to increase revenue, streamline operations, retain employees, and create fans
