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Owner raises $240M led by Goldman Sachs Alternatives to enhance its AI platform for local businesses, now valued at $2.3 billion.

PRIVATEAug 28, 2026•about 3 hours ago

Amount Raised

$240 Million

Round Type

Venture - Series Unknown

ShanghaiCommunity And LifestyleConsumer Goods

Investors

Jack AltmanHeadlineRedpointMeritechGoldman Sachs Alternatives

Description

Owner has secured $240 million in funding to empower small business owners with advanced AI technology. Goldman Sachs Alternatives led the investment, joined by existing investors Meritech, Redpoint, Headline, and Jack Altman. This financing will be used to enhance Owner's offerings, which aim to simplify technology and marketing for local businesses. Since launching in 2020, Owner has become a key player in restaurant technology, surpassing $100 million in ARR.

Company Information

Company

Owner

Location

Shanghai, Shanghai, China

About

The company has established strong relationships with strategic distribution and retail partners over the years, enabling it to access numerous points of sale including specialty stores and pet hospitals across the country. L Catterton's investment will catalyze the next stage of our growth as the firm has an abundance of world-class strategic and operating expertise in the pet food space which we can harness to further build the Pure & Natural brand, drive top-line growth, and broaden our suite of products. The company has leveraged scientific research and cutting–edge technology over the years to develop innovative and premium pet food with patented formulae, and continues to further enhance the nutritional profile and functional benefits of its products. Since 1989, the firm has made approximately 250 investments in consumer businesses.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Owner raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.