Toast Files For $250M Investment

Toast authorized enough shares for a $250 million raise at a valuation of $2.6 billion, if all shares authorized are issued. The all-in-one point-of-sale and restaurant management platform is previously backed by Tiger Global Management LLC, T. Rowe Price Associates, Inc. and Bessemer Venture Partners to name a few. The most recent round, Series E, follows the $115 million raised for Series D valuing the company at $1.46 billion. The terms surrounding the Series E include a pari passu liquidation with all other preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $27.2997, an up round from Series D at $17.307.

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