How Much Did Owner Raise? Funding & Key Investors

What Is Owner?

Owner is a technology company based in Palo Alto, California, specializing in providing digital tools for local restaurant owners. The company operates in the CRM, Restaurants, and Software industries and has over 200 employees.

Founded by Adam Guild (Co-Founder and CEO) and Dean Bloembergen, Owner offers a suite of products including online ordering systems, automated marketing, and custom mobile apps. The platform is designed to help restaurants enhance their sales and online presence, and is used by over 10,000 restaurants and 60 million consumers.

How Much Funding Has Owner Raised?

1. Pre-Seed
   • Amount Raised: Not publicly disclosed
   • Date: October 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and validate the business model.
2. Seed
   • Amount Raised: USD 3,460,000
   • Date: October 2020 (announced October 13, 2020)
   • Lead Investors: Redpoint Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and accelerate product development. The company was then operating as Profitboss before rebranding to Owner.com.
3. Seed
   • Amount Raised: USD 10,700,000
   • Date: August 2021 (announced August 31, 2021)
   • Lead Investors: SaaStr Fund
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance marketing efforts. Participants included Redpoint Ventures, Day One Ventures, Naval Ravikant, Kimbal Musk, Dylan Field, Joshua Browder, and The Chainsmokers, among others.
4. Series A
   • Amount Raised: USD 15,000,000
   • Date: March 2022 (announced March 3, 2022)
   • Lead Investors: Altman Capital
   • Valuation at Round: USD 150,000,000 (post-money)
   • Motivation Behind the Round: To expand market reach and improve product features. Participants included Redpoint Ventures, Day One Ventures, SaaStr Fund, Browder Capital, and several angel investors.
5. Series B
   • Amount Raised: USD 33,000,000
   • Date: January 2024 (announced January 31, 2024)
   • Lead Investors: Redpoint Ventures, Altman Capital (both co-leads)
   • Valuation at Round: USD 200,000,000 (post-money)
   • Motivation Behind the Round: To expand operations and improve digital tools for independent restaurants. Participants included Horsley Bridge, Activant Capital, and Transpose Platform Management.
6. Series C
   • Amount Raised: USD 120,000,000
   • Date: May 2025 (announced May 13, 2025)
   • Lead Investors: Meritech Capital Partners (Alex Kurland), Headline (Shalini Rao)
   • Valuation at Round: USD 1,000,000,000 (post-money; unicorn status)
   • Motivation Behind the Round: To further scale the platform, grow the team, and expand Owner's mission to become the "Shopify for local business owners."Strategic investors include Fidji Simo (OpenAI/ex-Instacart), Brett Schulman (Cava), Dharmesh Shah (HubSpot), Christina Cacioppo (Vanta), Jonathan Neman (Sweetgreen), and Matt Maloney, among others.

Total Amount Raised: At least USD 182,160,000 based on disclosed funding rounds. Current Valuation: USD 1,000,000,000 (as of May 2025).

Key Investors

• Meritech Capital Partners
  • Details: Meritech Capital Partners co-led Owner's Series C funding round in May 2025. Partner Alex Kurland, who previously led the Series B in DoorDash, joined Owner's board. They are known for backing high-growth technology companies.
  • Investment Focus Areas: Technology, Healthcare, Financial Services.
  • Notable Investments: Facebook, Salesforce, Datadog, DoorDash.
• Headline
  • Details: Headline co-led Owner's Series C funding round in May 2025. Partner Shalini Rao, who previously led the Series C in Toast, joined Owner's board. They focus on investing in innovative technology companies.
  • Investment Focus Areas: Technology, Software, Internet.
  • Notable Investments: Bumble, Sonos, Farfetch, Toast.
• Altman Capital
  • Details: Altman Capital (also known as Alt Capital, led by Jack Altman) co-led Owner's Series A (2022) and co-led the Series B (2024). They focus on growth-stage investments across various sectors.
  • Investment Focus Areas: Technology, Consumer, Healthcare.
  • Notable Investments: Not publicly disclosed.
• Redpoint Ventures
  • Details: Redpoint Ventures led Owner's initial Seed round in 2020 (when the company was called Profitboss) and co-led the Series B in 2024. Partner Alex Bard has been closely involved with the company.
  • Investment Focus Areas: Technology, Software, Internet.
  • Notable Investments: Stripe, Snowflake, Twilio.
• SaaStr Fund
  • Details: SaaStr Fund led Owner's second Seed funding round in August 2021. Founded by Jason Lemkin, they focus on investing in SaaS and cloud-based companies.
  • Investment Focus Areas: SaaS, Cloud, Enterprise Software.
  • Notable Investments: Notion, Algolia, Mixpanel.

What's Next for Owner?

Owner stands at the cusp of significant growth, with opportunities to expand its operations and enhance its platform for restaurant owners. The company has already made a mark with over 2,000 restaurants and 3,000,000 customers, processing hundreds of millions in revenue. This strong foundation sets the stage for further market penetration and technological advancements.

Future fundraising rounds, such as Series C, are likely as Owner continues to scale and attract more users. The increasing reliance on digital solutions in the restaurant industry presents a fertile ground for Owner's integrated platform. However, challenges such as competition, technological advancements, and data security will need to be navigated carefully to sustain growth and maintain user trust.

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