Total amount raised
$62.2 Millions
Latest funding date
Location
Owner has successfully raised $33 million in a Series B funding round, with backing from Activant Capital and 15 other investors. The platform offers a comprehensive suite of tools designed to help restaurants grow their online presence and sales.
Keep reading to explore the intricacies of Owner's fundraising journey and the investors backing this innovative platform.
What Is Owner?
Owner, founded in 2018, is a company headquartered in Palo Alto, California, with a significant presence in the San Francisco Bay Area and Silicon Valley. The company was co-founded by Adam Guild and Dean Bloembergen.
Operating in the CRM, restaurant, and software industries, Owner employs between 101-250 people. The platform offers a suite of tools designed to help restaurants grow their online presence and sales, including AI-powered websites, zero-commission delivery services, and automated marketing campaigns.
How Much Funding Has Owner Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their platform and initial operations.
- Seed Round
- Amount Raised: $3.5M
- Date: October 2020
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their platform and expand their customer base.
- Seed Round
- Amount Raised: $10.7M
- Date: August 2021
- Lead Investors: SaaStr Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series A
- Amount Raised: $15M
- Date: March 2022
- Lead Investors: Altman Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series B
- Amount Raised: $33M
- Date: January 2024
- Lead Investors: Activant Capital, Redpoint, Altman Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To double funding and eye expansion.
Total Amount Raised: $62.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Activant Capital
- Details: Activant Capital is a growth equity firm that invests in technology companies. They focus on businesses that are transforming traditional industries through innovative solutions.
- Investment Focus Areas: Technology, e-commerce, logistics, financial services.
- Notable Investments: Deliverr, Bolt, Better.com.
- Redpoint
- Details: Redpoint Ventures is a venture capital firm that partners with visionary founders to create new markets and redefine existing ones. They have a strong track record in early-stage investments.
- Investment Focus Areas: Consumer internet, enterprise software, infrastructure, fintech.
- Notable Investments: Stripe, Snowflake, Twilio.
- Altman Capital
- Details: Altman Capital is a venture capital firm that focuses on early-stage investments in technology-driven companies. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
- SaaStr Fund
- Details: SaaStr Fund is a venture capital firm that invests in early-stage SaaS and enterprise software companies. They provide not just capital but also mentorship and strategic guidance.
- Investment Focus Areas: SaaS, enterprise software, cloud computing.
- Notable Investments: Pendo, Algolia, Talkdesk.
- Horsley Bridge
- Details: Horsley Bridge Partners is a private equity firm that invests in venture capital and growth equity funds. They have a global presence and a diversified investment strategy.
- Investment Focus Areas: Technology, healthcare, consumer products, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Owner?
Owner is poised for significant growth, leveraging its recent $33 million Series B funding to expand operations and enhance its platform. With over 2,000 restaurants and millions of customers already on board, the company is well-positioned to capitalize on the increasing reliance on online management platforms in the restaurant industry.
Future fundraising opportunities appear promising as Owner continues to grow and expand its market presence. The company may pursue additional funding rounds to support its ambitious plans, including entering new markets and enhancing its platform's capabilities. However, challenges such as competition from other platforms and managing rapid growth will need to be navigated carefully.
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