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Boston’s Newest Unicorn – Toast

by in Start Up
September 12, 2018 0 comments

Restaurant technology startup Toast, a startup founded in Boston in December 2011, received $115 million in a Series D venture funding round. The company now has a valuation of $1.4 billion, making it Boston’s newest unicorn (a privately held company valued at more than $1 billion by its investors).

Toast sells cloud-based software that can handle a range of tasks for eateries, including executing payments in the restaurant, handling online orders, managing customer rewards programs, and tracking things such as sales, customer ordering data, food inventory, and hours worked by staff. Jamba Juice and B.GOOD are examples of chains that use Toast’s technology.

 

Here are some other Boston-based unicorns:

Moderna Therapeutics – develops messenger RNA therapeutics that produces human proteins for antibodies inside patient cells.

Intarcia Therapeutics – develops treatments for type-2 diabetes and HIV treatments based on a “mini pump” technology.

Ginkgo Bioworks – designs and prints DNA to build microorganisms for a wide range of industries.

Desktop Metal – metal 3D printing startup that has an impressive lineup of founders with decades of cumulative knowledge and experience in 3D printing, materials science and other complex technologies.

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