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Toast (company)

Toast (company)

Boston-based company selling restaurant management software including consumer payment apps

Toast sells restaurant management software including consumer payment apps for restaurants that combine point of sale, front of house, back of house and guest facing technology. Toast the company was founded in 2011 by Aman Narang, Jon Grimm and Steve Fredette. Toast Point of Sale was launched in 2013. The app is built on Android and based in the cloud. Toast is headquartered in Boston and has 1400 locations in the US and Dublin, Ireland. The consumer-facing app called The Toast TakeOut app, available for Apple devices, allows users to order ahead and pick up their food in the store.

Timeline

March 29, 2019

Toast raises a $250,000,000 series E round from T. Rowe Price, Riot Ventures, TCV, Tiger Global Management, Light Street Capital, Lead Edge Capital and Bessemer Venture Partners.

2011

Toast was founded.

Funding rounds

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People

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Role
LinkedIn

Aman Narang

Founder

Jon Grimm

Founder

Steve Fredette

Founder

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News

Title
Author
Date
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Description
Natasha Mascarenhas
April 7, 2020
TechCrunch
Last valued at $5 billion, restaurant management platform Toast has joined the sweep of startups laying off employees due to the economic impact of the COVID-19 pandemic. Toast reduced the size of its staff by 50% through layoffs and furloughs, according to a blog post from Toast's CEO, Chris Comparato. It also reduced executive pays [...]

References