Funding round
Owner Seed
Owner, which works in restaurant digital platform development in Palo Alto, raised $11M in a Seed round announced on 1 Sep 2021, led by SaaStr Fund. 2 firms took part, with 2 individual investors. It is Owner's first venture round on record.
$11M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Owner did not disclose a valuation in this round. It is Owner's first venture round on record, 1 year after it was founded in 2020. It is 2.6% of the $419M Owner has raised in the venture rounds on record. Owner raised again 6 months later: a Series A round of $15M in Mar 2022, at $150M post-money.
Owner's funding rounds
Owner has 5 venture rounds on record. This one is highlighted.
- Seed this round 1 Sep 2021, led by SaaStr Fund $11M
- Series A 3 Mar 2022, led by Altman Capital $15M$150M post-money
- Series B 31 Jan 2024, led by Redpoint Ventures and Altman Capital $33M$200M post-money
- Series C 13 May 2025, led by Meritech Capital and Headline $120M$1.00B post-money
- Series D 28 Aug 2026, led by Goldman Sachs Alternatives $240M$2.30B post-money
Investors
Who put money in
SaaStr Fund led the round with 1 other firm.
Lead investor
- SaaStr Fund new investor
Also in the round
- backs 54 venture-backed companies new investor
Individual investors: Marcus Lemonis and Kimbal Musk.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,397 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.0M, and this round was 3.6 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 22 Sep 2021 | $69M | not disclosed | Upper90 |
| Tech Companies | 14 Sep 2021 | $13M | not disclosed | TLV Partners and Vertex Ventures |
| Axelera AI Tech Companies | 16 Sep 2021 | $12M | not disclosed | Bitfury |
| Tech Companies | 21 Sep 2021 | $10M | not disclosed | not named |
| Tech Companies | 29 Sep 2021 | $10M | not disclosed | Madrona |
| Tech Companies | 16 Sep 2021 | $8.8M | not disclosed | Crane Venture Partners and Notion Capital |
| Tech Companies | 28 Sep 2021 | $8.0M | not disclosed | DARMA Capital vc |
| Tech Companies | 2 Sep 2021 | $7.1M | not disclosed | 468 Capital and La Famiglia |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Owner raise in its Seed round?
Owner raised $11M in its Seed round, announced in Sep 2021.
Who led Owner's Seed round?
SaaStr Fund led it, with Day One Ventures.
What was Owner's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,397 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.0M, and this round was 3.6 times the median.
Did Owner raise again after this round?
Yes: a Series A round in Mar 2022 of $15M at $150M post-money.