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Toast Announces $250 Million Funding Led by TCV and Tiger Global Management

Toast Announces $250 Million Funding Led by TCV and Tiger Global Management

5 years ago
Anonymous $Dftgs0JzgE

https://www.businesswire.com/news/home/20190401005195/en/

BOSTON--(BUSINESS WIRE)--Apr 1, 2019--Toast, the fastest-growing restaurant management platform in North America, announced today it raised $250 million in Series E funding at a $2.7 billion valuation led by TCV and Tiger Global Management along with participation from existing investors including Bessemer Venture Partners, Lead Edge Capital and funds and accounts managed by T. Rowe Price Associates, Inc. Following a period of tremendous growth - during which revenue increased 148 percent in 2018 - this fundraise establishes Toast as the leading restaurant management platform for restaurants of all sizes.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190401005195/en/