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Restaurant software unicorn Toast eyes IPO this year

Boston-based Toast, a provider of software for restaurant management, is in talks with underwriters about a potential IPO later this year, according a report in The Wall Street Journal citing unnamed sources.

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Founded in 2011, Toast has raised $902 million in venture funding to date, per Crunchbase data, including a $400 million Series F round closed a year ago.

Toast is reportedly seeking a valuation of around $20 billion for its public offering, and has tapped Goldman Sachs and JPMorgan as potential underwriters. In its last funding round a year ago, the company secured a valuation of nearly $5 billion.

— Joanna Glasner

Funding rounds

Ageras raises $73M for accounting tools: Copenhagen-based Ageras, an online platform for businesses to find accounting services, raised $73 million in fresh financing from Lugard Road Capital. Founded in 2012, Ageras sold a majority stake to Investcorp in 2017.

— Joanna Glasner

Orka lands $40.7M for shift worker platform: Manchester, U.K.-based Orka Technology Group, a provider of online tools to help with onboarding of hourly shift workers, including an option to withdraw money just after it is earned, raised  £29 million ($40.7 million) in a mixture of debt financing from Sonovate and equity funding from the British Business Bank and other backers.

— Joanna Glasner

 

Illustration: Dom Guzman


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