Apr 01, 2019
Toast Announces $250 Million Funding Led by TCV and Tiger Global Management
Nicholas Mann posted at Jan 29, 2019
Boston, MA—January 29, 2019 - Toast, the fastest-growing restaurant management platform in the U.S., today announced Toast Go™, a fully integrated handheld point of sale system designed and built for restaurants, is a finalist in the 2019 SXSW Interactive Innovation Awards; winners are announced on March 11, 2019. The Company has also been named a market leader in the IDC MarketScape: Worldwide Point-of-Sale Software in Quick-Service Restaurants 2018 Vendor Assessment*.
"Toast has demonstrated a suite of capabilities that have established the platform as a true omni-channel point of sale for restaurants," said Robert Eastman, research manager at IDC. "Combined with a self-professed obsession with customer success, Toast is a leader in cloud based point of sale platforms."
In addition to recognition from the IDC MarketScape and SXSW, Toast was honored with additional acknowledgments from:
“A win for Toast is a win for our entire Toast Community,” said Aman Narang, president and co-founder of Toast. “We are pleased to celebrate the exciting recognitions from the IDC MarketScape, SXSW, and others, alongside our customers. In turn, we’re thrilled to recognize the amazing accomplishments of the Toast Community from the past year with our second annual Toasty Awards, an opportunity to honor the hard work and ingenuity of the Toast restaurant community.”
Launched in 2013, Toast powers successful restaurants of all sizes with a technology platform that combines restaurant POS, front of house, back of house and guest-facing technology with a diverse marketplace of third-party applications. By pairing technology with an unrivaled commitment to customer success, Toast helps restaurants streamline operations, increase revenue and deliver amazing guest experiences. Toast was named to the 2018 Forbes Cloud 100 and recognized as the third fastest-growing technology company in North America on the 2017 Deloitte Fast 500. Learn more at www.toasttab.com.
Sr. PR & Communications Manager
*(doc #US42408917, December 2018); About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.