Owner.com raises $240 million for restaurant management platform

Owner.com Inc., a startup providing a management platform for restaurant operators, has raised $240 million in a Series D funding round. The round was led by Goldman Sachs and included participation from Meritech, Redpoint, Headline, and Benchmark partner Jack Altman. This latest investment brings the company's valuation to $2.3 billion.

The platform offers tools designed to streamline restaurant marketing and daily operations. Marketing features include the ability to generate restaurant websites with menus and catering forms, optimize search rankings, and manage listings on third-party platforms like Yelp, TripAdvisor, and Uber Eats. The software also includes tools to encourage positive Google Maps reviews.

On the operational side, Owner provides hardware such as a Kitchen Tablet for order management and a point-of-sale system that facilitates upselling. The company also offers customizable branded apps that allow restaurants to process food orders directly, helping businesses avoid third-party delivery fees while managing loyalty programs.