Toast Raises $30M in Series B Funding

toastToast, a Boston, MA-based restaurant point-of-sale company, raised $30m in Series B funding.

The round was led by Bessemer Venture Partners with participation from GV (formerly Google Ventures), and private investors.

The company will use the funds to accelerate growth through hiring, product innovations, and customer success.

Founded by MIT graduates Steve Fredette, Aman Narang, and Jon Grimm and led by Chris Comparato, CEO, Toast provides an a restaurant technology platform which brings together integrated online ordering, gift card and loyalty programs, labor and sales reporting on a mobile, cloud-based POS system. Launched in 2013, the company has 170+ employees and thousands of restaurants, ranging from fine dining to fast casual to national chains as customers.





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