2026-03-25
Granola Raises $125M Series C to Expand from Meeting Notes to Enterprise AI
London-based Granola raises $125M Series C led by Index Ventures and Kleiner Perkins at a $1.5B valuation, reaching unicorn status.
The Round
| Company | Granola |
| HQ | London, United Kingdom |
| Amount | $125M |
| Round | Series C |
| Date | 25 March 2026 |
| Valuation | $1.5B |
| Total Raised | $192M |
What They Do
Granola started as an AI meeting notepad that works differently from most competitors: it transcribes directly from the computer's audio without inserting a bot into the call. Users type rough notes during meetings, and Granola's AI fills in the gaps using the full transcript. The result is personalized meeting notes rather than generic transcripts.
The company has since expanded into enterprise AI. Alongside the Series C, Granola launched Spaces (team workspaces with access controls), a personal API, and an enterprise API — positioning meeting context as the input layer for broader AI workflows. Customers include Vanta, Asana, Cursor, Lovable, and Mistral AI.
The valuation jumped sixfold from $250M less than a year ago.
Investors
This Round
| Investor | Origin | Notes |
|---|---|---|
| Index Ventures | United Kingdom | Co-lead, Danny Rimer |
| Kleiner Perkins | United States | Co-lead, Mamoon Hamid |
| Lightspeed Venture Partners | United States | Returning |
| Spark Capital | United States | Returning |
| NFDG (Nat Friedman & Daniel Gross) | United States | Returning |
Previous Funding
| Investor | Origin | Notes |
|---|---|---|
| Lightspeed Venture Partners | United States | Earlier rounds |
| Spark Capital | United States | Earlier rounds |
| NFDG | United States | Earlier rounds |
Cap Table (Known)
| Investor | Round(s) | Origin |
|---|---|---|
| Index Ventures | Series C | United Kingdom |
| Kleiner Perkins | Series C | United States |
| Lightspeed Venture Partners | Earlier rounds, Series C | United States |
| Spark Capital | Earlier rounds, Series C | United States |
| NFDG | Earlier rounds, Series C | United States |
Total disclosed funding: $192M across multiple rounds.
Use of Funds
Granola is betting that meeting recordings are an underexploited data source for enterprise AI. The Series C will fund the buildout of Spaces for team collaboration, enterprise integrations (Slack, Notion), and the API layer that lets companies pipe meeting context into their own AI systems.
Market Context
The meeting AI space is crowded. Otter.ai, Fireflies.ai, and Fathom all offer transcription and summarization, and the big platform players (Microsoft Copilot in Teams, Google Gemini in Meet) have built native features that cover the basics.
Granola's bet is that transcription is table stakes — the real value is in what happens after. By turning meeting context into structured data that feeds into CRM updates, project management tools, and custom AI workflows, Granola is trying to become infrastructure rather than just another notetaker.
The $1.5B valuation at this stage is aggressive for a productivity tool, but it reflects the enterprise AI repositioning. If Granola can make meeting data a reliable input for AI agents and automation, the addressable market is much larger than meeting notes alone.