Bessemer Venture Partners, TPG, Greenoaks Capital, Tiger Global Management, Durable Capital Partners, and TCV invested $400m in a funding round of Toast, an all-in-one point-of-sale and restaurant management platform for businesses in the foodservice and hospitality space. "Just as the retail industry weathered disruption from e-commerce over the past two decades, restaurateurs now face shifting consumer expectations and a changing landscape of tech players who threaten to erode restaurant brands. Toast wants to partner with the restaurant community to level the playing field and strengthen this nearly trillion-dollar industry. We’re thrilled to continue to support this incredible team in 2020 and beyond,” Kent Bennett, Bessemer Venture Partner.