Investors pay $115m tribute to Toast

Jul 11, 2018 • Thierry Heles

T. Rowe Price Associates led a series D round that valued GV-backed point-of-sale system developer Toast at $1.4bn.

Toast, a US-based point-of-sale technology developer backed by internet technology group Alphabet, raised $115m yesterday in a series D round led by funds and accounts advised by investment manager T. Rowe Price Associates.

Hedge fund manager Tiger Global Management also participated in the series D round, which valued Toast at $1.4bn, as did unnamed existing backers.

Founded in 2011, Toast has created a platform that integrates with third-party services, combining point-of-sale technology with front and back-of-house management and patron-facing functionality…

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