Funding round
Owner Series A
Owner, which works in restaurant digital platform development in Palo Alto, raised $15M in a Series A round announced on 3 Mar 2022, led by Altman Capital, at a $150M post-money valuation. 5 firms took part. It is Owner's second venture round on record; the one before was a Seed in Sep 2021.
$15M
Amount raised
$150M
Post-money valuation
$135M pre-money
5
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Owner at $150M after the new money. The $15M bought investors about 10% of the company. It came 6 months after Owner's Seed. It is 3.6% of the $419M Owner has raised in the venture rounds on record. Owner raised again 22 months later: a Series B round of $33M in Jan 2024, at $200M post-money.
Owner's funding rounds
Owner has 5 venture rounds on record. This one is highlighted.
- Seed 1 Sep 2021, led by SaaStr Fund $11M
- Series A this round 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
Altman Capital led the round with 4 other firms.
Lead investor
- Altman Capital new investor
Also in the round
- Redpoint Ventures backs 194 venture-backed companies new investor
- backs 54 venture-backed companies new investor
- SaaStr Fund new investor
- Browder Capital new investor
Joined the board: Jack Altman (Altman Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,950 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 1.2 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Mar 2022 | $100M | not disclosed | B Capital and Insight Partners |
| Tech Companies | 15 Mar 2022 | $100M | not disclosed | Insight Partners |
| Tech Companies | 21 Mar 2022 | $95M | not disclosed | PeakSpan Capital |
| Tech Companies | 23 Mar 2022 | $72M | not disclosed | One Peak |
| Tech Companies | 23 Mar 2022 | $72M | not disclosed | One Peak |
| Tech Companies | 24 Mar 2022 | $60M | not disclosed | Insight Partners |
| Tech Companies | 24 Mar 2022 | $50M | not disclosed | Partech |
| Tech Companies | 1 Mar 2022 | $40M | not disclosed | Merak Capital |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Owner raise in its Series A round?
Owner raised $15M in its Series A round, announced in Mar 2022.
Who led Owner's Series A round?
Altman Capital led it, with Redpoint Ventures, Day One Ventures, SaaStr Fund and Browder Capital.
What was Owner's valuation at the Series A round?
$150M post-money ($135M pre-money).
How does it compare with other Series A rounds in Tech Companies?
1,950 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 1.2 times the median.
Did Owner raise again after this round?
Yes: a Series B round in Jan 2024 of $33M at $200M post-money.