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Toast history
Toast company history timeline
Toast was founded in Cambridge, Massachusetts, in 2012 by Steve Fredette, Aman Narang, and Jonathan Grimm.
In 2013, Toast received investments from several Boston executives, including former CEO of Endeca Steve Papa, who now serves as a board member for the company.
By 2014, the company had already formed partnerships with over 1,000 food businesses in the US and was employing around 120 workers.
Today’s estimated $75 billion legalized marijuana market enjoyed the highest of times in 2014, two years after recreational weed became legalized in Colorado.
After meeting with virtually every supplier in the state, the partners were introduced to Tiffany Goldman at The Health Center in 2015, and within 15 minutes, Seth knew he found his growing partner.
In early 2015, Toast announced Chris Comparato as its chief executive officer.
In January 2016, Toast received $30 million in a round of Series B funding from Bessemer Venture Partners and GV, previously known as Google Ventures and an Alphabet company.
In February 2018, Needham-based TripAdvisor partnered with Toast Inc.
In July, 2018 the company became a unicorn startup company after a Series D round of financing raising $115 million, and valuing the company at $1.4 billion.
In July 2019, Toast acquired the Chicago-based human resources and payroll software company StratEx.
In the first quarter of 2019, the company raised $250 million based on a valuation of $2.7 billion.
In February 2020, Toast received $400 million in a round of Series F funding including Bessemer Venture Partners and TPG, at a valuation of $4.9 billion.
On September 22, 2021, Toast went public with an initial public offering under the stock symbol TOST. The company offered shares at $40 initially, with a market capitalization of roughly $20 billion, making it one of 2021's largest American IPOs.
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Toast competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Intuit | 1983 | $16.3B | 10,600 | 1,094 |
| Workday | 2005 | $8.4B | 12,500 | 231 |
| Palantir | 2003 | $2.9B | 2,000 | 339 |
| Kronos Incorporated | 1977 | $1.4B | 6,000 | 3 |
| Square | 2009 | $24.1B | 3,835 | 9 |
| Sun Gard Data Systems Inc | 1983 | $5.0B | 13,000 | - |
| Gartner | 1979 | $6.3B | 16,724 | 451 |
| Equinix | 1998 | $8.2B | 10,013 | 183 |
| Motorola Solutions | 1928 | $10.8B | 18,000 | 580 |
| Zendesk | 2007 | $1.3B | 5,921 | 53 |
Toast history FAQs
Zippia gives an in-depth look into the details of Toast, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Toast. The employee data is based on information from people who have self-reported their past or current employments at Toast. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Toast. The data presented on this page does not represent the view of Toast and its employees or that of Zippia.
Toast may also be known as or be related to TOAST INC, Toast, Toast Inc and Toast, Inc.