We have been the earliest investor with dozens of
teams that have dared to pursue their vision


Many have created and led new markets
by redefining the possible


All have inspired us in some important way

Our Portfolio

Toast, Inc.

Toast, Inc.

Steve Fredette, Aman Narang, and Jonathan Grimm first met while working together on the special operations team at Cambridge-based e-commerce enterprise company, Endeca. They soon figured out that they shared a passion for great food, restaurants and innovation. With roots in mobile and user experience, consumer apps and e-commerce, they began looking at the mobile payments space and having conversations with restaurants within walking distance of their offices. They realized that the heart of all of these restaurants was the point of sale system, many of which were archaic, inefficient and difficult to use, Steve, Aman and Jonathan created Toast to revolutionize the end-to-end management of a restaurant’s operations.

Today, Toast’s mobile point of sale system for restaurants, cafes, bars, and nightclubs provides the most affordable and fully-featured business management solution on the market. Based in Boston, Toast has been able to hire well from local training grounds such as MIT, Northeastern, BU, and Harvard. A compelling vision and the power of shared purpose in their work by a talented team has helped Toast to become the fastest growing restaurant technology platform company.


  • Founded: 2011
  • Round Partnered: Seed
  • Year Partnered: 2014
  • Fund: Prior Art
  • Clear Partner(s): Rajeev Madhavan
  • Status: IPO
  • Date of IPO: 2021
  • Ticker Symbol: TOST
Clear founder Rajeev Madhavan is an early personal investor in Toast. He has provided us with useful counsel as we have scaled the company and introduced us to some great prospects. Some investors talk about adding value, but Rajeev knows how to help where it matters most while giving us the space we need to execute. We are fortunate to have him as a shareholder
Chris Comparato, CEO


  • Spence Green


  • Samantha Reiss

    Head of Services

  • John DeNero

    Chief Scientist

  • Paula Shannon

    Chief Evangelist

  • Cassie McGruder

    Head of Finance

  • Omar Orqueda

    Head of Engineering

  • Ashwin Purohit

    Head of Technical Operations

  • Sylvia Borek

    Head of Revenue, AMER

  • Larry Gloss

    VP of Public Sector

  • Matt Mores

    Head of Revenue, EMEA

  • Alice Lulka

    Head of People


The 4 companies our team co-founded produced over $1.7 billion of market cap from 2 IPOs and 2 acquisitions

The 50+ early-stage companies we funded produced over $52 billion of market cap from 34 exits, with 8 going from seed/series A to IPO, 24 acquisitions

Some of our greatest learnings and closest personal partnerships have come from our losses

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