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Software Maker Toast Raises Funds at $4.9 Billion Valuation

  • Restaurant payment technology firm raises $400 million
  • Toast’s new valuation is up from $2.7 billion last year
Toast Point of Sale Terminal
Toast Point of Sale TerminalSource: Toast

Toast Inc., which makes point-of-sale technology for restaurants, raised $400 million at a $4.9 billion valuation in a fundraising round led by investors including Bessemer Venture Partners and TPG.

Other investors that led the funding round are Tiger Global Management and Greenoaks Capital, according to a statement.