Mar 30, 2019
Toast, the restaurant management platform, has raised $250M at a $2.7B valuation
Toast, the restaurant management platform, has raised $250M at a $2.7B valuation
Restaurant sales hit $ 825 billion last year in the U.S., but with margins averaging at only three to five percent per business, they’re always looking for an edge on efficiency and just generally running things in a smarter way. A startup called Toast, which has built a popular platform for restaurant management, has closed a hefty round of funding to double down on that opportunity to do that.
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