Owner.com
| Industry | Technology, Saas |
|---|---|
| Founded | 2020 |
| Founders | Adam Guild and Dean Bloembergen |
| Headquarters | Palo Alto, California |
Area served | United States |
| Website | https://www.owner.com/ |
Owner.com (earlier known as ProfitBoss, Placepull) is an American software-as-a-service company that provides an online food ordering system to independent restaurants in the United States.[1][2]
Overview[edit]
The company was started as ProfitBoss in 2018 to help restaurants build in-store traffic.[3][4] Co-founders Adam Guild and Dean Bloembergen renamed the company to Owner.com in 2021,[5][6] with its headquarters in Palo Alto, California.[7][8] By 2021, the company had transactions of more than $18 million[9] and by 2022, it operated in 49 states in the United States, working with more than 1,500 restaurants. Owner.com has raised a total of $26 million since its founding.[10][11][12]
Owner.com had an initial funding of $10.7 million in a seed round led by SaaStr Fund and in March 2022, it raised $15 million in a Series A round led by Altman Capital.[13][14] Some notable angel investors of the company include Sean Rad, Naval Ravikant, Kimbal Musk and others.[15]
Technology[edit]
The company provides a digital infrastructure through a software for online order management, delivery operations and recruitment. The software also facilitates the acquisition of customer data which provides the restaurants owners with insights to conduct online marketing campaigns.[16] It has helped independent restaurants increase their profit margins by reducing the third-party delivery apps fees.[17][18]
References[edit]
- ^ Conklin, Audrey (11 December 2020). "High school dropout starts company that offers free delivery for restaurants". FOX Business. Retrieved 14 June 2023.
- ^ "How Profitboss Helps Restaurants Survive During the Pandemic". Bloomberg News. 22 December 2020. Retrieved 14 June 2023.
- ^ Conklin, Audrey (11 December 2020). "High school dropout starts company that offers free delivery for restaurants". FOX Business. Retrieved 14 June 2023.
- ^ Baron, Ethan (5 March 2021). "Meal delivery: High school dropout's Bay Area startup aims to save restaurants from fees, Karens". The Mercury News.
- ^ Luna, Nancy (September 16, 2021). "This 21-year-old's food-tech ordering startup has helped restaurants save $3 million in delivery fees from companies like Uber Eats and DoorDash". Business Insider. Retrieved 14 June 2023.
- ^ Misic, Kristina (6 September 2021). "ProfitBoss rebrands to Owner.com". Smart Branding. Retrieved 14 June 2023.
- ^ Hall, Christine (31 August 2021). "Owner.com serves up $10.7M so that independent restaurants can get cooking". TechCrunch.
- ^ Renbarger, Madeline. "We got an exclusive look at the pitch deck that the 21-year-old cofounder of Owner.com used to raise $15 million". Business Insider.
- ^ Hall, Christine (31 August 2021). "Owner.com serves up $10.7M so that independent restaurants can get cooking". TechCrunch.
- ^ Staff, Entrepreneur (16 August 2022). "15 Young Founders Rethinking Everything From Artificial Intelligence to Carbon Removal, Sustainable Fashion to...Pizza!". Entrepreneur.
- ^ Hall, Christine (3 March 2022). "Owner.com whips up new tools for independent restaurants following funding". TechCrunch.
- ^ Herrera, Sonya (March 3, 2022). "Early Money: Restaurant software provider Owner.com raised a $15M Series A round". Business Journal.
- ^ Hall, Christine (31 August 2021). "Owner.com serves up $10.7M so that independent restaurants can get cooking". TechCrunch.
- ^ Herrera, Sonya (March 3, 2022). "Early Money: Restaurant software provider Owner.com raised a $15M Series A round". Business Journal.
- ^ Conklin, Audrey (11 December 2020). "High school dropout starts company that offers free delivery for restaurants". FOX Business. Retrieved 14 June 2023.
- ^ Hall, Christine (3 March 2022). "Owner.com whips up new tools for independent restaurants following funding". TechCrunch. Retrieved 14 June 2023.
- ^ Jr, Edward Ongweso (17 November 2020). "This Startup Is Saving Restaurants From Heavy Delivery App Fees". Vice.
- ^ Luna, Nancy. "Restaurants are at war with Uber Eats, Grubhub, and DoorDash over profit-hurting fees. These 7 food-tech startups have raised millions to help restaurateurs win". Business Insider.
External link[edit]
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