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Restaurant Tech Co. Toast Raises $115M In Funding Round

Law360 (July 10, 2018, 5:34 PM EDT) -- Restaurant management platform Toast Inc. said Tuesday it has secured $115 million in a recent funding round that values the Boston-based startup at $1.4 billion, with the money earmarked to help boost research and development, recruitment and the company’s market presence.

T. Rowe Price Associates Inc. advised the funds and accounts that led the series D round, with new investor Tiger Global Management LLC joining existing investors in providing funding for Toast, which offers a restaurant management and point-of-sale platform.

Henry Ellenbogen, the portfolio manager of...
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