Toast
NYSE: TOSTBoston, US · Founded 2011 · Delaware corporation · 7,871 employees on LinkedIn · 9 known investors
Find your way into Toast
403 people in our graph share verified history with the Toast team — schools, employers, funds. One of them is your warm intro.
Kyle Dohertyunlockedknows Jonathan Grimm · together at Massachusetts Institute of Technology (overlapped)
×8knows the team · via Massachusetts Institute of Technology
×2knows the team · via Oracle
knows the team · via Endeca
Toast provides a restaurant management platform combining point-of-sale hardware (Flex POS, Toast Go 3 handheld) with software tools for online ordering, payroll, and other operations. It serves restaurants and restaurateurs across the food service industry.
Also known as Toast Tab · Toast, Inc.
Founders & leadership
Toast was founded in 2011 by Stephen Fredette, Jonathan Grimm, and Aman Narang.
SF
Stephen FredetteCo-founder
JG
Jonathan GrimminCo-Founder of Toast & Chief Technology Officer, Toast.org2022–2024Jonathan Grimm co-founded Toast in 2012 and spent over a decade as its Chief Technology Officer, leading the company's software and technology efforts from its early days through its IPO, and later served as CTO of Toast.org, the company's philanthropic arm, until 2024. He holds a BS in Computer Science from MIT.
AN
CC
Christopher ComparatoExecutive
Board
SP
Steve PapaBoard director
Investors · 9
Bessemer Venture PartnersRedwood City · $5M – $100M
Evolution VC PartnersNew York
F-Prime CapitalCambridge · $3M – $10Mvia David Jegen · led
Glynn Capital ManagementMenlo Park
MastrySan Francisco
Riot VenturesVenice · $3M
Teamworthy VenturesNew York
9Yards CapitalreportedNew York · $100K – $10M
Light Street CapitalreportedPalo Alto
Reported raises · per SEC filings
Form D private placements$24.4M disclosed across 2 rounds · 2015
▶$21.5MraisedJan 2016 · 4 investors · Other TechnologyRule 506(b)
▶$21.5MraisedJan 2016 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Timothy BarashExecutive Officer
- Steve PapaDirector
- Christopher ComparatoExecutive Officer, Director
- Kent BennettDirector
- Stephen FredetteExecutive Officer, Director
- Aman NarangExecutive Officer
- Offering amount
- $23.2M
- Amount sold
- $21.5M
- Proceeds to insiders
- $5.7M
- First sale
- Dec 2015
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
▶$3MraisedAug 2015 · 5 investors · Other TechnologyRule 506(b)
▶$3MraisedAug 2015 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Stephen FredetteExecutive Officer, Director, Promoter
- Steve PapaDirector, Promoter
- Jonathan GrimmDirector, Promoter
- Christopher ComparatoExecutive Officer, Director
- Aman NarangDirector, Promoter
- Offering amount
- $15M
- Amount sold
- $3M
- First sale
- Jul 2015
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Key figures
latest reportedHeadcountAug 20267,871
Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
4 people who came through Toast went on to found or lead other companies.
Competitors · 7
by search overlap
Uber Eats955528 shared keywordsEasiest way for consumers and businesses to order food from favorite local eateries
DoorDash929036 shared keywordsDoorDash operates a restaurant delivery platform that connects customers with dining establishments across hundreds of cities in North America through a logistics network.
Grubhub790292 shared keywordsChicago-based online food ordering and delivery platform, formerly NYSE-listed, now owned by Marc Lore's Wonder Group.
Postmates629787 shared keywords<UNKNOWN>
Eater223309 shared keywordsEater is a digital media brand covering food and dining culture through a national website, iOS app, local city sites, YouTube channel, podcasts, and newsletters. The brand provides restaurant recommendations, dining guides, and food journalism across multiple platforms and formats.
Atly212618 shared keywordsAtly is a location discovery app that helps people find restaurants, bars, and places to visit through personalized recommendations and user-generated tips. The consumer platform has been described as combining social community content with map-based navigation.
Wanderlog179095 shared keywordsWanderlog is a travel planning app that allows users to create detailed itineraries, explore shared guides from other travelers, and manage bookings—integrating attractions on maps, reservations, budgeting, and route optimization in a single platform.
Companies competing with Toast for the same Google search keywords, organic and paid, via search-intersection analysis.
Legal entities · 1
corporate structureToastDelaware
In the news
Frequently asked questions
- What does Toast do?
- Toast is a Boston-based restaurant management platform combining point-of-sale hardware with operations software.
- Who founded Toast?
- Toast was founded by Stephen Fredette, Jonathan Grimm, Aman Narang in 2011.
- Who are Toast's investors?
- Toast's investors include Bessemer Venture Partners, Evolution VC Partners, F-Prime Capital, Glynn Capital Management, Mastry, Riot Ventures, Teamworthy Ventures, 9Yards Capital and 1 more.
- How much funding has Toast raised?
- Toast has disclosed $24.4M raised across 2 rounds.
- Where is Toast headquartered?
- Toast is headquartered in Boston, US.