$240 Million Financing Valuation at $2.3 Billion for AI-Powered Local Business Platform

Owner, an AI-native platform for local businesses starting with restaurants, announced a $240 million financing round at a $2.3 billion valuation. The funding was led by Growth Equity at Goldman Sachs Alternatives (NYSE: GS), with participation from Meritech, Redpoint, Headline, and Jack Altman.

The platform has seen significant growth since its 2020 launch, surpassing $100 million in annual recurring revenue. Independent restaurant owners are expected to drive over $1 billion in 2026 sales through the platform, which now powers more U.S. locations than Domino's or Taco Bell.

Owner uses AI agents to build and run websites, online ordering, apps, CRM, support, POS, and phone ordering for its clients. These agents continuously learn and optimize performance across thousands of locations.