Funding round
Owner Series C
Owner, which works in restaurant digital platform development in Palo Alto, raised $120M in a Series C round announced on 13 May 2025, led by Meritech Capital and Headline, at a $1.00B post-money valuation. 2 firms took part. It is Owner's fourth venture round on record; the one before was a Series B in Jan 2024.
$120M
Amount raised
$1.00B
Post-money valuation
$880M pre-money
2
Investors
2 leads
5.0x
Step-up from the Series B
$200M in Jan 2024
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Owner at $1.00B after the new money, 5.0 times the $200M of its Series B (Jan 2024). The $120M bought investors about 12% of the company. It came 16 months after Owner's Series B. It is 29% of the $419M Owner has raised in the venture rounds on record. Owner raised again 15 months later: a Series D round of $240M in Aug 2026, at $2.30B post-money.
Owner's funding rounds
Owner has 5 venture rounds on record. This one is highlighted.
- Seed 1 Sep 2021, led by SaaStr Fund $11M
- Series A 3 Mar 2022, led by Altman Capital $15M$150M post-money
- Series B 31 Jan 2024, led by Redpoint Ventures and Altman Capital $33M$200M post-money
- Series C this round 13 May 2025, led by Meritech Capital and Headline $120M$1.00B post-money
- Series D 28 Aug 2026, led by Goldman Sachs Alternatives $240M$2.30B post-money
Investors
Who put money in
Meritech Capital and Headline led the round.
Lead investors
- Meritech Capital backs 84 venture-backed companies new investor
- backs 163 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
276 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 2.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Parloa Tech Companies | 6 May 2025 | $120M | $1.00B | Durable Capital Partners and Altimeter |
| Tech Companies | 12 May 2025 | $110M | $600M | Entrée Capital |
| Tech Companies | 7 May 2025 | $100M | $1.10B | ICONIQ Growth |
| Tech Companies | 14 May 2025 | $90M | not disclosed | Temasek |
| Tech Companies | 8 May 2025 | $85M | not disclosed | Bullhound Capital |
| Tech Companies | 30 May 2025 | $80M | not disclosed | General Catalyst |
| Tech Companies | 20 May 2025 | $60M | not disclosed | Sixth Street |
| Tech Companies | 28 May 2025 | $56M | not disclosed | BlueCrest Capital Management and Innovius |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Owner raise in its Series C round?
Owner raised $120M in its Series C round, announced in May 2025.
Who led Owner's Series C round?
Meritech Capital and Headline led it.
What was Owner's valuation at the Series C round?
$1.00B post-money ($880M pre-money).
How does it compare with other Series C rounds in Tech Companies?
276 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 2.0 times the median.
Did Owner raise again after this round?
Yes: a Series D round in Aug 2026 of $240M at $2.30B post-money.