The company last raised a primary round in February, just before the coronavirus hit the U. The Boston-based company laid off half its employees in April, amounting to about 1, jobs, so the deal allowed those with vested options to get some liquidity.
A Toast spokesman confirmed to CNBC that, "in order to support our employees and former employees as they navigate the impact of Covid, we did complete a secondary offering recently. Coming into , Toast was one of the hottest start-ups in tech, with a software and hardware suite that restaurants used to manage sales and take care of reporting, analytics and menu management.
Revenue more than doubled last year, with tens of thousands of restaurants signing on as customers. But the company also hired aggressively to get its product into market. When the coronavirus forced indoor dining to close down across most of the country, Toast had to quickly downsize to reel in costs. At the time, the company gave ex-employees 10 years to exercise their options, though many of the people laid off had only been employed at Toast for a few months, according to a LinkedIn search.
Since mid-year, the picture for Toast has changed dramatically. Explore industry-leading tools to work with your media more intuitively. Toast 20 supports macOS Monterey Burning discs with the preferred Mac burner has never been simpler.
Enjoy tools to create personalized DVDs with customizable menus and chapters! Copy discs to distribute your latest audio mix, or create backups of your most important files.
Even recover files from damaged discs! Convert your media files to popular formats with ease. Capture video and audio from virtually anywhere! Explore tools to record your screen, capture webcam video, and record voiceover simultaneously—perfect for creating tutorial or gaming videos! Edit your photos, videos and audio files before burning to disc or sharing online. Easily trim video clips, enhance audio files with new tools, and stylize or transform images into artwork with AI-powered tools. Only Toast Pro extends your editing power further with an exclusive suite of photo editing and digital painting tools.
Secure your information with banking-level encryption that sets the standard for the industry. Password-protect your private data on disc or USB and enjoy complete peace of mind.
Turn the growing collection of videos on your laptop, cell phone, or external hard drive into a full home movie menu production.
Toast delivers more than just industry-leading burning tools — it delivers peace of mind. Back up your important information to disc, recover files from damaged discs, and securely password protect information on a disc or USB. Toast gives you the tools to capture footage right from your screen, a portable device, or the web. Toast Pro extends your file security options to deliver complete peace of mind. Back up your important information to disc, catalog discs to stay organized, and even recover files from damaged discs.
With banking-level encryption, you can be confident that your data is safe and secure. The layout is ideal for high-volume. Reporting is excellent. I refer Toast to most of our clients.
As with any new system you install, there will be issues and "clunks. The worst was the display screen and the use of it on the line. If you do not set aside enough time to train, prior to opening or first use, it will be challenging to understand, especially if you are not used to systems other than tickets and calling out. It just takes time getting used to and working out the kinks upon install. We needed to have a better system than the old one we were using, as in most places.
Toast offered the package at a wonderful price and the system supports the costs. Hi there, Mora from Toast here. It's great to hear that your positive experiences with Customer Care have enabled you to efficiently train up new team members. Thank you for providing this feedback! The terminal they sent had no protective material around it and it arrived broken , waited another week for a new one, NOW 4 WEEKS with out a terminal. I needed to send back the original broken terminal but they never sent me a label.
Overall happy with the product and will likely continue to be as they are forever growing, expanding, and adding in relevant new services frequently.
Toast has been a serious upgrade to our establishment. It is very user friendly and operates off a more "in the times" type of software than some other very outdated POS systems. All of their staff is friendly.
The third party integrations are endless and offer something for all kinds of businesses. Online ordering and the ability to have an unofficial doordash partnership is very helpful and easy to use. Support is not always the most efficient or informative. We often find where they simply cannot help us during odd inquiries or glitches, or we get multiple answers from different people.
We also would like to see toast work on a table management and waitlist system that is actually functional for the restaurant. Currently, they offer third party table management integrations, but we have done trials with a few and none have quite what we are looking for. Micros was severely outdated and impossible to get any proper support.
Toast is more new, youthful and overall helpful all around. Retail POS Systems. Toast POS Software. Visit Website. Product Overview. User Reviews. FrontRunners
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