Goldman Sachs Alternatives led a $240 million financing round for Owner.com. The investment values the AI-native platform at $2.3 billion. Existing investors Meritech and Redpoint also participated in the funding.
Owner.com provides AI tools for independent businesses to manage websites and marketing. The platform handles online ordering and customer relationship management. The company has surpassed $100 million in annual recurring revenue since its 2020 launch.
Management plans to expand services to all independent U.S. restaurants. The startup will later target other local business sectors and international markets. The new capital helps independent businesses compete with larger corporations.