April 1, 2019Blog Posts

Toast raises $250M in Series E funds for $2.7B valuation

Mobile Payments Today

Toast, a digital restaurant management platform, has raised $250 million in Series E funding led by TCV and Tiger Global Management, providing a valuation of $2.7 billion, according to a company release.

The funding round includes existing investors Bessemer Venture Partners, Lead Edge Capital, and funds managed by T Rowe Price Associates Inc.

The investment will be used to expand the Toast platform beyond its existing guest-facing and point-of-sale technology to develop a software-as-a-service platform, David Yuan, general partner at TCV, said in the release.

Source

  • Share this post: