BOSTON, Jan. 17, 2017 (GLOBE NEWSWIRE) -- Toast Restaurant POS, the all-in-one restaurant technology platform, today announced massive growth in 2016, closing the year with over $2 billion in sales transactions and restaurant implementations in 49 states. The Company also announced $30 million in Series B funding to fuel growth in January 2016.
“2016 was truly a milestone year for Toast. We’ve provided our customers of all sizes — from Michelin-rated restaurants to pop-up ice cream shops — with the best cloud restaurant management solution available,” said Chris Comparato, CEO of Toast. “Our record-breaking year is a reflection of restaurateurs embracing innovative technology and Toast’s aptitude to scale with our customers.”
Toast offers advanced functionality to manage the day to day operations of the restaurant, including quick menu modifications, real-time enterprise reporting, online ordering and labor management on an easy-to-use interface. The platform also features revenue-driving tools including physical and digital gift cards, loyalty programs and online ordering. In 2016, Toast and its customers saw the following:
“This past year was defined by tremendous growth and customer loyalty, thanks to the robustness in the platform and our unparalleled client service,” said Comparato. “We are honored to now serve restaurateurs in 49 states.”
Toast’s upward momentum echoes a market need for its all-in-one, cloud-based platform that seamlessly integrates the restaurant point of sale (POS) with other critical management systems, allowing easy access from any internet-connected device and enabling restaurant operators to deliver a best-in-class customer experience. In addition to enormous 2016 financial and user growth, Toast:
To learn more about Toast and download its 2016 Year in Review Infographic, see: https://pos.toasttab.com/year-in-review
About Toast, Inc.
Toast is an all-in-one restaurant technology platform. Built specifically for restaurants, Toast offers a mobile, cloud-based point of sale (POS) system that incorporates key facets of the guest experience into one platform, connecting the POS system with integrated online ordering, gift card and loyalty programs, and labor and sales reporting. Since launching Toast in 2013, the company has grown to hundreds of employees and serves thousands of restaurants, ranging from fine dining to fast casual, and independent businesses to national chains. In 2016, Forbes named Toast a Leader in Enterprise Mobile on its first-ever Cloud 100: Rising Stars list. The Company was also recently designated as a Best in Biz Awards Gold Winner for the Fastest-Growing Company of the Year - Medium category. Learn more about Toast at www.toasttab.com or on their Facebook page.