![]() Products įirst launched in March 2020, Toast's restaurant management system operates on the Android operating system and includes four devices: Flex (a terminal available in single-screen, guest-facing and kitchen displays), Tap (a three-in-one payment processing device that supports contactless payments), Toast Hub, and receipt printer. Toast headquarters were located at Landmark Center from 2013 until June 2023. In February 2023, it was announced Toast had acquired the Costa Mesa-headquartered producer of digital display solutions and drive-thru technology for quick-service restaurants (QSRs), Delphi Display Systems. The company offered shares at $40 initially, with a market capitalization of roughly $20 billion, making it one of 2021's largest American IPOs. ![]() ![]() On September 22, 2021, Toast went public with an initial public offering under the stock symbol TOST. In November 2020, Toast has a secondary sale that valued the company at around $8 billion, despite laying off half of its employees in April. In April 2020, Toast laid off 50% of its workforce due to the COVID-19 pandemic and its economic impact on the restaurant industry. As of March 2022, Toast is used in approximately 62,000 US restaurants. 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. Toast's founders-Steve Fredette, Aman Narang, and Jonathan Grimm -initially created a consumer app centered for mobile payments, customer loyalty, promotions, and social aspects that integrated with restaurants’ existing POS systems. The company provides an all-in-one point of sale (POS) system built on the Android operating system. ![]() is a cloud-based restaurant management software company based in Boston, Massachusetts. ![]()
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