-53%

est. 2Y upside i

Vertical SaaSSeries C

Owner makes online growth easy for restaurants. Their software helps local restaurants compete — and win against — big national brands. Independent restaurants choose Owner because it gives them a proven system that works, not an endless set of tools to figure out.

Rank

#2238

Sector

Restaurant Technology / SaaS

Est. Liquidity

~4Y

Data Quality

Data: Medium

Credible high-growth restaurant SaaS with strong unit economics. $1B valuation creates hurdle for common equity.

Last updated: March 22, 2026

Bull (20%)+200%

$100M+ ARR by 2027; IPO at 10-12x ($1.5-2B).

Base (50%)+40%

$70-80M ARR; exits at 6-8x ($420-640M).

Bear (30%)-60%

Toast bundles; SMB churn; down-round below $1B preferences.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

19%

$189M on $1B (18.9%).

Dilution Risk

moderate

1-2 more rounds likely; 30-50% total dilution.

Secondary Liquidity

none

No tender program; Forge/NasPrivMkt thin.

Questions to Ask at the Interview

Strategic questions based on Owner's data — designed to show you've done your homework.

  • 1

    “Net revenue retention and churn from closures vs voluntary?”

  • 2

    “Secondary liquidity for employees?”

  • 3

    “Toast competitive defense strategy?”

Community

Valuation Sentiment

Our model estimates -53% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.