Toast as it closed a $250 million Series E funding round


Goodwin advised Toast as it closed a $250 million Series E funding round that values the company at $2.7 billion.

The funding round was led by TCV and Tiger Global Management along with participation from existing investors including Bessemer Venture Partners, Lead Edge Capital and funds and accounts managed by T. Rowe Price Associates, Inc.

Toast expects over the next five years to continue to make significant investments in research and development and continue building software and hardware designed specifically for the restaurant industry. The Series E investment will enable Toast to help solve some of the industry’s most pressing challenges.

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.

The Goodwin team was led by partners Mark Bettencourt (Picture) and Gregg Katz, and included associates Xing Yan, Katherine Maxwell, and Elizabeth Pion, and counsel Todd Hahn.

Involved fees earner: Mark Bettencourt – Goodwin Procter; Todd Hahn – Goodwin Procter; Gregg Katz – Goodwin Procter; Katherine Maxwell – Goodwin Procter; Xing Yan – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Toast, Inc.;