Owner, an AI platform built specifically for local merchants, has completed a $240 million funding round, a deal that values the company at $2.3 billion, according to a Morningstar report. Growth Equity, the growth investment arm under Goldman Sachs' alternative asset management unit, led the financing. Existing investors Meritech, Redpoint, Headline and Jack Altman also joined the round, the report noted. Owner's AI agents automate marketing and promotion, customer communication and operational optimization for local businesses, handling a broad set of day-to-day merchant tasks. The company plans to use the new capital to expand its international business and to apply the platform to more local commerce scenarios, per the report. ChainCatcher flagged the fundraise citing Morningstar. No further terms of the transaction were disclosed.
Owner, an AI platform built for local merchants, has closed a $240 million funding round that values the company at $2.3 billion, according to Morningstar.
Growth Equity, the growth investment arm of Goldman Sachs Alternative Asset Management, led the round. Existing investors Meritech, Redpoint, Headline and Jack Altman also joined.
Owner uses AI agents to automatically handle marketing and promotion, customer communication and operational optimization for local merchants. The new capital is earmarked for international expansion and for extending into more local commerce scenarios, the report noted.
Further terms of the deal were not disclosed.
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