Goldman Sachs Leads $240M Funding Round in AI-Powered Small Business Platform Owner
Goldman Sachs Alternatives led a $240 million funding round in Owner, which has reached a valuation of $2.3 billion. The company is building an AI-native platform for local businesses to compete with larger corporations.
Owner's AI agents manage and improve various aspects of a business, including websites, online ordering, mobile apps, CRM, customer support, POS, and AI phone ordering. Big corporations spend billions on tech and marketing, but small businesses can't afford that.
The company has surpassed $100 million in annual recurring revenue (ARR) since its launch in 2020. This year alone, independent restaurant owners will drive more than $1 billion in sales through Owner.
Owner's team includes leaders from Shopify, DoorDash, Compass, Salesforce, and HubSpot, with over 35 team members being former founders.