Alphabet-backed point-of-sale technology developer Toast has added $101m to its coffers to fund further development of its cloud platform.
Toast, a US-based restaurant technology producer backed by internet technology conglomerate Alphabet, closed a $101m funding round yesterday co-led by investment firm Generation Investment Management and growth equity firm Lead Edge Capital.
Some existing investors also contributed capital to the oversubscribed round, though only venture capital firm Bessemer Venture Partners was named by the company.
Founded in 2011, Toast has developed a mobile, cloud-based point-of-sale system for restaurants. The platform enables staff to edit menus on the fly if items…
