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Faire vs Toast — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

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Some data on this page may be outdated. We're verifying.
Data for Faire last verified: Jul 3, 2026. Data for Toast last verified: Jul 5, 2026.
Metric Faire Toast
Valuation$12.4B$11B
Total Funding$1.7B$899M
IPO StatusPrivatePublic
SectorE-commerceFintech
StageSeries HPublic
HeadquartersSan Francisco, CABoston, MA
CEOMax RhodesAman Narang
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Faire

Faire is the wholesale marketplace connecting 700K+ independent retailers with 100K+ emerging brands — the B2B commerce platform for the indie retail economy. Valued at $12.4B with $1.7B raised, Faire processes billions in annual GMV and is the dominant wholesale marketplace globally. IPO candidate as B2B commerce digitisation continues to disrupt traditional wholesale distribution — a $50B+ global market.

IndustryE-commerce
StageSeries H
IPO StatusPrivate
Valuation$12.4B
Total Funding$1.7B
HeadquartersSan Francisco, CA

Toast

Restaurant management platform combining POS, payments, and operations software.

IndustryFintech
StagePublic
IPO StatusPublic
Valuation$11B
Total Funding$899M
HeadquartersBoston, MA

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Frequently Asked Questions

What is the Faire vs Toast valuation in 2026? +

Faire is valued at $12.4B. Toast is valued at $11B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

Which is more likely to IPO first — Faire or Toast? +

Faire filed an S-1 in April 2026 and is actively in the IPO pipeline. Toast filed an S-1 in August 2021 and is actively in the IPO pipeline. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Faire has raised $1.7B. Toast has raised $899M.

Are Faire and Toast in the same sector? +

Faire operates in E-commerce, while Toast operates in Fintech.

What are the key differences between Faire and Toast as investments? +

Faire is a E-commerce company valued at $12.4B with $1.7B raised. Toast is a Fintech company valued at $11B with $899M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

How can I invest in Faire or Toast before their IPO? +

Accredited investors can access pre-IPO shares in Faire and Toast through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.