Funding round
Owner Series B
Owner, which works in restaurant digital platform development in Palo Alto, raised $33M in a Series B round announced on 31 Jan 2024, led by Redpoint Ventures and Altman Capital, at a $200M post-money valuation. 7 firms took part, with 2 individual investors. It is Owner's third venture round on record; the one before was a Series A in Mar 2022.
$33M
Amount raised
$200M
Post-money valuation
$167M pre-money
7
Investors
2 leads
1.3x
Step-up from the Series A
$150M in Mar 2022
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Owner at $200M after the new money, 1.3 times the $150M of its Series A (Mar 2022). The $33M bought investors about 17% of the company. It came 22 months after Owner's Series A. It is 7.9% of the $419M Owner has raised in the venture rounds on record. Owner raised again 16 months later: a Series C round of $120M in May 2025, at $1.00B 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 3 Mar 2022, led by Altman Capital $15M$150M post-money
- Series B this round 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
Redpoint Ventures and Altman Capital led the round with 5 other firms.
Lead investors
- Redpoint Ventures backs 194 venture-backed companies new investor
- Altman Capital new investor
Also in the round
- new investor
- backs 48 venture-backed companies new investor
- backs 55 venture-backed companies new investor
- SaaStr Fund new investor
- backs 54 venture-backed companies new investor
Individual investors: Naval Ravikant and Kimbal Musk.
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
558 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Jan 2024 | $87M | not disclosed | Energize Capital and GreenPoint |
| ElevenLabs Tech Companies | 22 Jan 2024 | $80M | $1.10B | Andreessen Horowitz and Nat Friedman |
| Perplexity Tech Companies | 4 Jan 2024 | $74M | $520M | Institutional Venture Partners |
| Tech Companies | 11 Jan 2024 | $73M | not disclosed | Battery Ventures |
| Tech Companies | 1 Jan 2024 | $65M | $500M | Kleiner Perkins |
| Luma AI Tech Companies | 9 Jan 2024 | $43M | $200M | Andreessen Horowitz |
| Tech Companies | 31 Jan 2024 | $43M | not disclosed | New Enterprise Associates |
| Tech Companies | 11 Jan 2024 | $42M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Owner raise in its Series B round?
Owner raised $33M in its Series B round, announced in Jan 2024.
Who led Owner's Series B round?
Redpoint Ventures and Altman Capital led it, with Horsley Bridge Partners, Activant, Transpose Platform, SaaStr Fund and Day One Ventures.
What was Owner's valuation at the Series B round?
$200M post-money ($167M pre-money).
How does it compare with other Series B rounds in Tech Companies?
558 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 1.3 times the median.
Did Owner raise again after this round?
Yes: a Series C round in May 2025 of $120M at $1.00B post-money.