Restaurant Tech Startup Owner.com Hits $1 Billion Valuation

Meritech and Headline co-led a $120 million funding around for the startup.

The San Francisco-based startup helps restaurants improve their visibility in online search.

Photographer: Noah Berger/Bloomberg

Owner.com Inc., a startup making software for restaurants and other small businesses, has raised a new funding round at a $1 billion valuation — quintuple its value a year ago.

The company raised $120 million in a funding round led by Meritech Capital and the VC firm Headline, with participation from other investors including Alt Capital and Day One Ventures.