Total amount raised
$62.2 Million
Latest funding date
01/01/2024
Location
Owner has successfully raised $120 million over 6 funding rounds, achieving a valuation of $1 billion. The platform offers tools for local restaurant owners to enhance their sales and online presence.
Keep reading to explore the intricacies of Owner's fundraising journey and the investors backing this innovative platform.
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 between 101-250 employees.
Founded by Adam Guild, who serves as the Co-Founder and CEO, 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.
How Much Funding Has Owner Raised?
- 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.
- Seed
- Amount Raised: USD 3,500,000
- Date: October 2020
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed
- Amount Raised: USD 10,700,000
- Date: August 2021
- Lead Investors: SaaStr Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance marketing efforts.
- Series A
- Amount Raised: USD 15,000,000
- Date: March 2022
- Lead Investors: Altman Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product features.
- Series B
- Amount Raised: USD 33,000,000
- Date: January 2024
- Lead Investors: Altman Capital, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and business reach.
- Series C
- Amount Raised: USD 120,000,000
- Date: May 2025
- Lead Investors: Headline, Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enter new markets.
Total Amount Raised: USD 182,200,000. Current Valuation: Not publicly disclosed.
Key Investors
- Headline
- Details: Headline is a venture capital firm that participated in Owner's Series C funding round. They focus on investing in innovative technology companies.
- Investment Focus Areas: Technology, Software, Internet.
- Notable Investments: Bumble, Sonos, Farfetch.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a growth-stage venture capital firm that also participated in Owner's Series C funding round. They are known for backing high-growth technology companies.
- Investment Focus Areas: Technology, Healthcare, Financial Services.
- Notable Investments: Facebook, Salesforce, Datadog.
- Altman Capital
- Details: Altman Capital is a venture capital firm that co-led Owner's Series B funding round. They focus on growth-stage investments across various sectors.
- Investment Focus Areas: Technology, Consumer, Healthcare.
- Notable Investments: Not publicly disclosed.
- Redpoint
- Details: Redpoint is a venture capital firm that co-led Owner's Series B funding round. They typically invest in early-stage technology companies.
- Investment Focus Areas: Technology, Software, Internet.
- Notable Investments: Stripe, Snowflake, Twilio.
- SaaStr Fund
- Details: SaaStr Fund is a venture capital firm that led Owner's Seed funding round in 2021. 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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