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Toast Announces $35M Winter Restaurant Recovery Fund

Dec 15, 2020

Toast waives all software fees, provides access to funding for winterization, supports lobbying efforts to pass the RESTAURANTS Act, and offers complimentary access to Online Ordering, Toast Payroll, and Toast Marketing.

Boston, MA—December 15, 2020 – Toast, the leading restaurant management platform, today announced a $35M winter restaurant relief plan to support the foodservice industry in navigating this coming winter. With the RESTAURANTS Act currently stalled, Toast is responding with its own relief package and driving forward it’s mission to empower the restaurant community to delight guests, do what they love, and thrive during this critical time.

Toast Restaurant Recovery Fund Includes: 

  • One Month Software Credit*: Toast will provide a one month software credit to all current Toast customers to help them navigate this winter.   

  • Pass It On Campaign: Any Toast customer can pass their one-month SaaS credit to a restaurant facing more significant hardships.

  • Access to Toast Products: Toast will offer complimentary access for a limited time to Online Ordering, Toast Payroll, and Toast Marketing.

  • Toast Capital: Toast will provide access to funding that restaurants can use for winterization, working capital needs, and more.

  • Access to Best Practices: Toast’s Restaurant Recovery Series documents tactics, best practices, and tips on how restaurateurs can navigate the COVID-19 health crisis.  

“Toast remains hopeful that our lobbying efforts to pass the RESTAURANTS Act will result in a positive outcome for the industry. In the meantime, the Toast Restaurant Recovery Fund serves as our $35M investment in the foodservice community to give restaurants a fighting chance amidst the COVID-19 health crisis,” said Chris Comparato, CEO of Toast. “It’s crucial to help the restaurant community navigate the coming months, because restaurants are not only places that help fulfill our deep human need for connection, they also contribute to keeping the economy alive. Every dollar spent in restaurants generates over two dollars in spending across our economy. We stand with the restaurant community in facing a challenging winter together.”

Restaurant owners and operators can learn more about Toast’s relief fund here.

About Toast

Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a single platform of software as a service (SaaS), products and financial technology solutions that give restaurants everything they need to run their business across point of sale, operations, digital ordering and delivery, marketing and loyalty, and team management. By serving as the restaurant operating system across dine-in, takeout, and delivery channels, Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.