Toast Wins Hottest Startup: A+ at the 2016 NEVY Awards
May 20, 2016
BOSTON – This Wednesday, the New England Venture Capital Association (NEVCA) named Toast Restaurant POS the winner of the Hottest Startup: A+ at the2016 NEVY Awards. The event, hosted by NEVCA and Johnson & Johnson at the House of Blues in Boston, celebrated New England’s biggest winners across the Life Science and Tech communities. The Hottest Startup: A+ award is awarded to companies that are "setting the world on fire." These companies must be in the A, B, or C stage and must have received funding between February 2014 and now.
"We are so honored to receive the NEVY for Hottest A+ Startup of the Year by the New England Venture Capital Association," said Chris Comparato, CEO of Toast. "It's amazing to be recognized by such a prestigious organization for all the hard work that our team across the U.S. has devoted to our customer base, transforming the lives of restaurant owners and the way guests dine out. 2015 was a tremendous year for Toast, and we are excited for what the rest of 2016 will bring."
In the past year, Toast has reported:
300% increase in revenue year over year
200% increase in employee headcount
$30 million raised in funding from Bessemer Venture Partners and GV (formerly Google Ventures)
In addition, the company continues to project high growth in the years to come. However, throughout this immense growth, Toast's mission remains true: to transform the lives of restaurant owners and dramatically improve the guest experience by leveraging innovative technology.
“Restaurant technology should add efficiency and take away obstacles, so that restaurant operators can do what is best for the guests," said Ben Kaplan, Director of Operations at Barbara Lynch Gruppo in Boston. "We went with Toast because we could see them as a partner, not just a vendor. They’re just as focused on an exceptional customer experience as we are." Read the rest of the case study here.
This year’s nominees for the NEVY awards were selected by an academy of judges composed of last year’s winners, experts in the technology and life science industries and Boston’s industry influencers, and experts who have made a major impact on the city’s entrepreneurial and venture capital landscape.
Toast is an all-in-one restaurant technology platform. Built specifically for restaurants, Toast brings together many solutions from integrated online ordering to gift card and loyalty programs to labor and sales reporting all on a mobile, cloud-based POS system. Since launching Toast in 2013, the company has grown to 200+ employees and thousands of restaurants, ranging from fine dining to fast casual to national chains. Follow Toast on Twitter or go to Toast's Facebook page to learn more.
About the New England Venture Capital Association
The NEVCA is the premier organization for venture capital investors in New England. It strives to keep Boston competitive by championing the community’s top emerging and proven venture-backed companies, and making sure Boston students know about the many opportunities presented by such a thriving startup community. Its ultimate goal is to promote economic growth and entrepreneurship throughout the region. With more 800+ venture capital professionals from 80+ firms, its members collectively manage more than $50 billion in capital.
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, or 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.