Toast
#15 on Setter30 +14 Most recent: Q2 2021Toast is an American cloud-based restaurant management platform that provides an all-in-one, Android-based point-of-sale system for restaurants and bars, spanning payments, online ordering, loyalty, payroll, and analytics. It serves roughly 120,000 US restaurant locations. Publicly traded on the NYSE under TOST, it reported about $4.96 billion in revenue in 2024.
Public Company
Toast is publicly traded
IPO'd on September 22, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under TOST.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
5,001–10,000
Total Funding
$903M
6 rounds
Last Private Valuation
$4.9B
February 14, 2020
Setter30 Ranking
Funding
Total raised $903M across 6 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-19-2026
Latest Round
Type
Series F
Date
February 14, 2020
Amount
$400M
Valuation
$4.9B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| February 14, 2020 | Series F | $400M | $4.9B | Bessemer Venture Partners, TPG, Greenoaks Capital +1 more |
| April 1, 2019 | Series E | $250M | $2.7B | TCV, Tiger Global Management |
| July 10, 2018 | Series D | $115M | $1.4B | T. Rowe Price Associates |
Funding by Round
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation Trajectory
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series B
$0.1B
Aug 2015
Toast today
$4.9B
Feb 2020 · latest mark
Toast multiple
49.0x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Leadership
Aman Narang
Chief Executive Officer & Co-Founder
Steve Fredette
Co-Founder & President
Jonathan Grimm
Co-Founder & Chief Technology Officer
Competitors
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Square for Restaurants
Cloud-based POS and payments platform for small to mid-size restaurants, lower cost alternative to Toast.
Lightspeed Restaurant
Restaurant POS system built for the industry with 24/7 support and enterprise-grade reliability.
Clover
Fiserv-owned POS platform built for retail, also used by cafes and quick-service restaurants.
TouchBistro
iPad-based POS system with offline capability, reservations, and waitlist management for smaller venues.
Revel Systems
Cloud-based POS platform designed for large, complex restaurant operations and multi-location chains.
Olo
Specialized ordering and delivery management platform, focused on digital ordering and integration.
Toast Investment FAQ
Toast FAQ
Yes, Toast is publicly traded under the ticker symbol TOST on the NYSE. The company went public in September 22, 2021.
Toast trades under the ticker symbol TOST on the NYSE. It began trading in September 22, 2021.
Toast (TOST on the NYSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker TOST to place an order.
Toast went public in September 22, 2021 via ipo, with an offering valuation of approximately $4.9B. Toast is a publicly traded company on NYSE (TOST) since September 22, 2021. The company has achieved strong growth with 2025 revenue of $6.2B (+24% YoY), ARR of $2.0B (+26% YoY), and expanded to 120,000+ restaurants. CEO Aman Narang (since January 2024) leads continued scaling and profitability improvements.
Toast raised $903M across 6 disclosed funding rounds prior to its public listing.
Toast was co-founded by Aman Narang, Steve Fredette, and Jonathan Grimm in 2012.
Toast is headquartered in Boston, Massachusetts, United States.
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