Boston-based restaurants company Toast has secured $250 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced March 29 and led by TCV.
According to its Crunchbase profile, "Toast is an all-in-one point-of-sale and restaurant management platform. As a cloud-based system built specifically for restaurants, Toast offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering and labor management on an easy-to-use interface."
The seven-year-old company has raised five previous funding rounds, including a $115 million Series D round in 2018.
The round brings total funding raised by Boston companies in software over the past month to $306 million, an increase of $243 million from the month before. The local software industry has seen 148 funding rounds over the past year, capturing a total of $2.3 billion in venture funding.
In other local funding news, marketplace and payments company FutureFuel announced an $11 million Series A funding round on March 6, led by Rethink Impact.
According to Crunchbase, "Crush our debt. Fuel your Future. FutureFuel empowers employers to turn on student debt repayment as a new employee benefit."
Founded in 2015, the company has raised two previous rounds, including a seed round in 2018.
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