Owner.com raises $240M Series D led by Goldman Sachs at $2.3B valuation
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Owner.com Inc. has raised $240 million in a Series D funding round led by Goldman Sachs. The round values the restaurant operations platform at $2.3 billion. The company's annualized recurring revenue topped $100 million ahead of the round.
Key Facts
- Goldman Sachs led the $240 million Series D round, joined by Meritech, Redpoint, Headline, and Benchmark partner Jack Altman.
- The round values Owner.com at $2.3 billion.
- Owner.com's annualized recurring revenue topped $100 million ahead of the round.
- The company plans to use the capital to onboard more restaurants, enter the grocery segment, and expand internationally.
Funding Round
Owner.com Inc. raised $240 million in a Series D funding round led by Goldman Sachs. The round included participation from Meritech, Redpoint, Headline, and Benchmark partner Jack Altman. The funding values the company at $2.3 billion. Owner.com's annualized recurring revenue topped $100 million ahead of the round.
Platform Capabilities
Owner.com provides a platform that helps restaurant operators coordinate day-to-day business operations. The platform includes marketing tools that generate restaurant websites, optimize search rankings, and manage listings on third-party platforms such as Uber Eats, TripAdvisor, and Yelp. Owner.com also offers order management hardware, including the Kitchen Tablet and a point-of-sale system that displays upsell offers. The company provides a customizable restaurant app that enables direct food orders, avoiding third-party delivery fees, and includes a loyalty program feature. Artificial intelligence capabilities automatically field phone orders and generate promotional campaigns for popular menu items.
Growth Plans
Owner.com plans to use the new capital to onboard more restaurants. The company intends to move into other markets, including the grocery segment. Owner.com also plans to make its software available internationally. Chief Executive Adam Guild stated that local restaurants now have the same tech advantages as large chains.
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Owner.com raises $240M Series D led by Goldman Sachs at $2.3B valuation
