London Based Granola Hits Unicorn Status With $125M Funding

The Series C round was led by Index Ventures, with participation from Kleiner Perkins, as well as existing investors including Lightspeed and Spark. Nat Friedman and Daniel Gross also contributed to the round.

This latest raise marks a significant jump from Granola’s previous valuation of $250 million, which followed a $43 million funding round announced in May last year.

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Founded in 2023 Granola has now raised approximately $188 million in total.

Based in London, the company has gained strong traction as an AI note-taking tool, used by organizations like Vanta and Gusto, along with startups such as Cursor, Lovable, and Mistral AI. It has also become particularly popular among venture capitalists.

Chris Pedregal, co-founder and chief executive of Granola, said: “These companies are turning to Granola not only to capture their notes, but also to capture their context.

“Conversation transcripts are the richest source of context for what’s happening across your company, and when paired with powerful AI models, they can unlock workflows that wouldn’t have been possible before.”

The startup also unveiled several new features, including the launch of both public and enterprise APIs. It added that the fresh funding will be used to further scale its product and support continued growth.

About Granola

Granola is an AI-powered note-taking app designed for people in back-to-back meetings, automatically capturing conversations, summarizing key points, and organizing notes. It helps users stay focused during discussions while ensuring important insights and action items are recorded and easily accessible later.