Owner
Funding History
| Series A · 03/2022 | $150M |
|---|---|
| Series B · 01/2024 | $200M |
Overview
Owner is a restaurant technology company that provides independent restaurants with an all-in-one, AI-powered platform for online ordering, website building, mobile app creation, marketing automation, and customer loyalty, positioned as a way for small operators to compete online with large national chains. The company was founded in 2020 by Adam Guild, who initially focused on restaurant reservations before pivoting to a free online ordering and marketing platform during the COVID-19 pandemic; he was later joined by co-founder Dean Bloembergen. Owner is based in Palo Alto, California.
Owner's model gives restaurants a free platform for online ordering and marketing while charging diners a convenience fee, allowing restaurant owners to own their customer data and automate email and text marketing campaigns. The company grew from roughly 700 restaurant locations in mid-2021 to more than 1,500 by early 2022, over 2,000 by early 2024, and more than 10,000 restaurants by 2025, with leadership describing annual recurring revenue as multiplying every year since inception.
Owner has raised capital across a seed round, a Series A, a Series B, and a Series C, moving from a $150 million valuation in 2022 to a $1 billion valuation by its May 2025 Series C round. Investors across these rounds have included Redpoint Ventures, Altman Capital, SaaStr Fund, Meritech Capital Partners, and Headline, alongside a number of individual operator and founder investors.
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