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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.
Nigel Duffy
Founder
Simon Wilkinson
Head of Engineering
Ryan McMahon
Chief of Staff
Four of the companies our team co-founded produced over $1.7 billion of market cap from 2 IPOs and 2 acquisitions.
The Clear investment team has funded over 70 companies, 90% as the first investors, and has had 54 exits valued at a $85 billion market cap.
Before we became VCs, we had already founded 5 successful companies.
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