San Francisco-based Owner has raised $240 million in Series D funding at a $2.3 billion valuation, co-founder and chief executive Adam Guild announced on X on Friday. Growth Equity at Goldman Sachs Alternatives led the financing. Existing investors Meritech, Redpoint, Headline, and Jack Altman also participated.
Guild said Owner has crossed $100 million in annual recurring revenue. In a company memo published with the raise, Owner describes itself as an AI-native platform for local businesses, starting with restaurants. The system covers websites, online ordering, branded mobile apps, CRM, customer support, point of sale, and phone ordering. Owner says AI agents run and improve those functions rather than leaving restaurant operators to assemble separate tools.
Guild and co-founder Dean Bloembergen launched the company in 2020. Guild has said he began building the first version at 17 to help his mother run a local dog-grooming business. Owner now says thousands of local businesses use the platform, more than 100 million U.S. consumers have used it, and the software powers more U.S. restaurant locations than Domino's or Taco Bell. Independent restaurants on the platform are expected to generate more than $1 billion in sales through Owner this year.
Alongside the funding post, Guild highlighted two products: Grader, which analyzes and updates a restaurant's digital presence, and Phone Agent, which answers calls and takes orders. Owner also sells a point-of-sale system meant to capture guest information at checkout and route walk-in customers into the restaurant's app and marketing.
The company plans to keep adding independent restaurants in the United States, expand internationally, and take the same system to other neighborhood businesses, including grocers, salons, and spas. Guild wrote that much of the industry is building AI to replace jobs, while Owner is building AI to do work many small operators have never been able to hire for.
Owner last raised $120 million in 2025 at a $1 billion valuation. The new check is one of the larger late-stage rounds this week for software aimed at small businesses rather than large enterprises. Owner is hiring across more than 50 roles and has not broken out how much of the Series D will go to product versus go-to-market work.
