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Food and Drink

Toast’s Latest $250 Million Funding Round Will Fuel Research and Development

Erika Adams

Photo Caption: Toast plans to double down on hardware innovation with the new round of funding. Toast

Skift Take

Toast has seen tremendous growth over its five years of existence. We wouldn't be surprised if the next stop is an IPO. (And directing $1 billion toward R&D efforts is certainly not small potatoes.)

Boston-based restaurant technology company Toast has secured a $250 million Series E round of funding, the company confirmed today, less than a year after its last huge raise. The new influx of capital pushed Toast's total valuation to $2.7 billion. The investment was lead by TCV and Tiger Global Management, and included participation by several other existing investors including Bessemer Venture Partners and Lead Edge Capital. "It's another good mile marker for the company, and it's more capital to deploy on all the different things that we're super

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