About Toast
Toast is a company based in Boston (United States) founded in 2011 by Aman Narang, Jonathan Grimm, and Steve Fredette.. Toast has raised $1.15 billion across 8 funding rounds from investors including Bessemer Venture Partners, TPG and T. Rowe Price. The company has 5,700 employees as of December 31, 2024. Toast has completed 1 acquisition, including StratEx.
- Headquarter Boston, United States
- Employees 5700 as on 31 Dec, 2024
- Founders Aman Narang, Jonathan Grimm, Steve Fredette
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Toast, Inc.
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Annual Revenue
$4.96 B28.33as on Dec 31, 2024
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Net Profit
$19 M107.72as on Dec 31, 2024
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EBITDA
$113 M147.08as on Dec 31, 2024
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Total Equity Funding
$1.15 B (USD)
in 8 rounds
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Latest Funding Round
$400 M (USD), Series F
Feb 14, 2020
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Investors
Bessemer Venture Partners
& 13 more
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Employee Count
5700
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Toast
Toast is a publicly listed company on the NYSE with ticker symbol TOST in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
181 people
Leadership Team
136 people
Sales and Marketing
132 people
Senior Team
64 people
Onboarding Team
41 people
Product Management Team
32 people
Finance and Accounting
31 people
Operations Team
28 people
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Funding Insights of Toast
Toast has successfully raised a total of $1.15B across 8 strategic funding rounds. The most recent funding activity was a Series F round of $400 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series F — $400.0M
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First Round
First Round
(06 Aug 2015)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series F - Toast | Valuation | TPG , Bessemer Venture Partners | |
| Apr, 2019 | Amount | Series E - Toast | Valuation |
investors |
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| Mar, 2019 | Amount | Series E - Toast | Valuation | TCV , Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Toast
Toast has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, TPG and T. Rowe Price. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Toast
Toast has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include StratEx. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An HRMS platform is offered for hospitality and retail sectors.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Toast
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Toast Comparisons
Competitors of Toast
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Toast
Frequently Asked Questions about Toast
When was Toast founded?
Toast was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Toast located?
Toast is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Toast a funded company?
Toast is a funded company, having raised a total of $1.15B across 8 funding rounds to date. The company's 1st funding round was a Series E of $250M, raised on Aug 06, 2015.
How many employees does Toast have?
As of Dec 31, 2024, the latest employee count at Toast is 5,700.
What is the annual revenue of Toast?
Annual revenue of Toast is $4.96B as on Dec 31, 2024.
What does Toast do?
Founded in 2011 and headquartered in Boston, United States, Toast operates in the restaurant technology sector. A cloud-based platform is provided for point-of-sale systems, online ordering, delivery management, menu updates, reporting, analytics, marketing, team management, and back-office functions. Hardware solutions, including POS terminals, payment systems, kitchen kiosks, and printers, are also offered. Services are delivered on a subscription basis to support restaurant operations.
Is Toast publicly traded?
Yes, Toast is publicly traded on NYSE under the ticker symbol TOST.
How many acquisitions has Toast made?
Toast has made 1 acquisition, including StratEx.
Who are Toast's investors?
Toast has 14 investors. Key investors include Bessemer Venture Partners, TPG, T. Rowe Price, Tiger Global, and Durable Partners.
What is Toast's ticker symbol?
The ticker symbol of Toast is TOST on NYSE.
What is Toast's valuation?
The valuation of Toast is $4.9B as of Feb 2020.
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