Owner said on August 28, 2026 that it has raised $240 million at a $2.3 billion valuation. Growth Equity at Goldman Sachs Alternatives led the round. Existing backers Meritech, Redpoint, Headline, and Jack Altman also participated. The San Francisco company, founded in 2020, sells an AI system that builds and runs the digital stack for independent restaurants.

Owner says that stack covers websites, online ordering, mobile apps, CRM, customer support, point of sale, and phone ordering. Agents are meant to update those pieces without a full-time marketing or engineering hire. The company reports more than $100 million in annual recurring revenue. It also says independent restaurants will drive more than $1 billion in sales through the platform this year, that more than 100 million U.S. consumers have used it, and that it now powers more American locations than Domino’s or Taco Bell.

Agents that run the storefront

A restaurant can ask Owner to promote a menu item. The company says its agents can write the offer, change the site, build the campaign, generate the creative, and publish it. The same system is supposed to answer the phone, take orders, reply to reviews and email, and handle support. Owner cites average gains of 40 percent more online traffic within 30 days of launch, more than 40 percent growth in direct online revenue in the first year, and twice the reorder rate for branded-app customers.

“The world is racing to build AI to replace people’s jobs. Owner is building AI to do the opposite: to do the jobs many small business owners have never been able to afford.” Adam Guild, co-founder and CEO, Owner

Guild said the next step is every independent U.S. restaurant, then international expansion, then salons, spas, and grocers. The company says its roster includes people from Shopify, DoorDash, Compass, Salesforce, and HubSpot, and that more than 35 employees are former founders.

Decoded Take

This is a bet that the same agent stack that enterprises buy for CRM can be productized for shops that will never hire a CMO. The $2.3 billion mark only holds if Owner keeps taking a cut of direct digital sales while delivery marketplaces still own discovery. The comparison to Domino’s and Taco Bell location counts is a distribution claim, not a proof that independents can out-advertise national brands. Watch whether the new capital shows up as restaurant net adds and international stores, or as a push into salons and grocers before the restaurant product is the default system of record. The next measurable number is whether ARR stays on a path that justifies a late-stage check from Goldman, not whether another vertical gets a waitlist.