Owner, now valued at $1 billion, has raised $120 million to bring cutting edge technology to small restaurants as they compete against large franchises.
CEO and cofounder Adam Guild , who is both a Thiel Fellow and Forbes 30 under 30 alumnus, first launched Owner , then called Placepull, in 2018 after he built a website to support his mother’s dog grooming business.Local chains and mom-and-pop restaurants are perhaps the last places you'd envision using AI.
It’s “leveling the playing field and making it so that independent restaurant owners don't get crushed by large corporations, but instead get empowered by this tech,” Guild said. He envisions Owner as a one-stop shop for restaurant owners to manage and market their businesses. Besides expanding its offerings, Guild said the new raise enabled Owner to bring on strategic investors like Shalini Rao, a partner at Headline Growth and co-lead on the round, who is known for being part of Toast’s Series C round. “This is a company that has been on our radar for a very long time,” Rao said.30 under 30 alumnus, first launched Owner, then called Placepull, in 2018 after he built a website to support his mother’s dog grooming business.
Small Businesses Restaurants Florida Owner.Com Adam Guild Meritech Billion Valuation Startup
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