Owner Secures $120M Series C Boost at $1B Valuation
Deal News | May 14, 2025 | Paul Hastings
Paul Hastings, a leading international law firm, has successfully advised Owner on its latest capital infusion, a $120 million Series C fundraising round. The financing, which values the company at $1 billion, was co-led by Meritech and Headline. The legal team from Paul Hastings was spearheaded by partner Mike Pestana, with support from of counsel Mary Wilbourn and associates Greg Drozdzal and Tyler Penta. This strategic financial transaction highlights the growing market confidence in Owner's potential and future growth prospects. Paul Hastings continues to be recognized for its excellence in legal practice, offering invaluable expertise to top-tier investment banks, asset managers, and corporations worldwide.
Sectors
- Legal Services
- Private Equity/Venture Capital
- Corporate Finance
Geography
- United States – Paul Hastings is a U.S.-based law firm, indicating the geographical focus of its operations and client base.
Industry
- Legal Services – Paul Hastings' role in advising on the Series C financing illustrates its involvement in the legal services industry.
- Private Equity/Venture Capital – The $120 million Series C financing round is a significant event in the venture capital and private equity sector.
- Corporate Finance – The substantial Series C financing underscores its relevance to the corporate finance sector.
Financials
- $120 million – The capital raised in the Series C financing round for Owner.
- $1 billion – The valuation of Owner post-Series C financing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Owner | Target company | Company | The recipient of the $120 million Series C financing, valued at $1 billion. |
| Paul Hastings | Legal advisor | Company | A premier law firm advising on the Series C financing transaction. |
| Meritech | Co-lead investor | Company | Co-leader in the $120 million Series C financing round. |
| Headline | Co-lead investor | Company | Co-leader in the $120 million Series C financing round. |
| Mike Pestana | Partner leading the team | Person | Leader of the Paul Hastings team advising on the transaction. |
| Mary Wilbourn | Of Counsel | Person | Part of the Paul Hastings team advising on the transaction. |
| Greg Drozdzal | Associate | Person | Part of the Paul Hastings team advising on the transaction. |
| Tyler Penta | Associate | Person | Part of the Paul Hastings team advising on the transaction. |