Owner.com, a Palo Alto, CA-based startup that aims to help independent restaurant owners manage their online presence more effectively, has raised $33 million in Series B funding, bringing its total capital raised to $58.7 million
SaaS Investors
The round was led by existing investors RedPoint and Alt Capital, with participation from Horsley Bridge, Activant Capital, and Transpose Platform Management.
Founded in 1999, Redpoint Ventures is a venture capital firm based in Woodside, California. The firm seeks to invest in companies operating in the application, blockchain, consumer, financial technology, healthcare, and infrastructure sectors.
Alt Capital is a venture capital firm.
Owner.com Use of Funds
The company plans to utilize the funds to hire more engineers and product designers and create additional free instructional content for restaurants.
About Owner.com
Founded in 2020 by Adam Guild and Dean Bloembergen, Owner.com offers an all-in-one platform for restaurants that includes online ordering, a website builder, customer relationship management tools, marketing automation, and a branded mobile app generator. Currently, it has a thousand customers and recently integrated artificial intelligence for new features, including an AI-powered email marketer. Owner.com empowers restaurant owners to truly own their restaurant, on the web.
Funding Details
Company: Owner.com, Inc.
Raised: $33.0M
Round: Series B
Funding Month: January 2024
Lead Investors: RedPoint and Alt Capital
Additional Investors: Horsley Bridge, Activant Capital, and Transpose Platform Management
Company Website: https://www.owner.com/
Software Category: Restaurant
Source: https://techcrunch.com/2024/01/31/owner-33m-series-b-online-restaurants/