Toast will continue to invest in product development after its latest funding round, but CEO Chris Comparato said there no plans to launch an IPO just yet.

Toast, a cloud-based restaurant management software company that recently opened a new office in Dublin city centre, has raised $400m in Series F funding, bringing the company’s valuation to $4.9bn.

The company will also invest in financial products that provide access to funding to help restaurateurs grow their businesses.

“Toast wants to partner with the restaurant community to level the playing field and strengthen this nearly trillion-dollar industry.

Meanwhile, Olo, another major player in the restaurant software space, is preparing for an IPO later this year, according to Bloomberg. | To read full story, visit https://startuparound.com/read/1582122712.5674622/Toast-valued-at-$4.9bn-after-$400m-funding-round?ref=audio_experience