Owner raises $240M for its restaurant management platform
Owner.com Inc., a startup with a platform that helps restaurant operators coordinate their day-to-day business operations, has raised $240 million in funding.
Goldman Sachs led the Series D round. Owner stated in today’s funding announcement that the bank was joined by Meritech, Redpoint, Headline and Benchmark partner Jack Altman, Sam Altman’s brother. The startup is now worth $2.3 billion.
Many of the features in Owner’s platform focus on easing restaurants’ marketing efforts. The software can generate a restaurant website complete with a menu, a form for submitting catering orders and other promotional widgets in a few days. From there, it occasionally fine-tunes the property to optimize its search ranking.
Owner’s marketing features also extend beyond restaurant websites. One capability encourages diners to leave positive Google Maps reviews. Another ensures that a restaurant’s listings across third-party platforms such as Uber Eats, TripAdvisor and Yelp are up-to-date.
