Granola Secures $125M Series C at $1.5B Valuation

Granola, the London-based startup behind an AI-powered notetaking app, announced a $125 million Series C funding round on June 9, 2025, that values the company at $1.5 billion. The investment, led by Index Ventures with participation from Kleiner Perkins and existing backers Lightspeed Venture Partners, Spark Capital, and NFDG Ventures, brings Granola's total funding to $192 million.

The round marks a rapid ascent for the two-year-old company, which saw its valuation jump sixfold from $250 million in a $43 million Series B closed in May 2025. Earlier funding included a $20 million Series A in October 2024 and a $4.25 million seed round in May 2023. Index Ventures partner Danny Rimer will join Granola's board as an observer.

Founded in 2023 by Chris Pedregal and Sam Stephenson, Granola has gained traction by addressing a common frustration in professional settings: the discomfort of visible AI bots joining meetings. Instead, the app runs locally on a user's Windows or iOS device, recording and transcribing audio discreetly. It generates structured notes from conversations, enhances user-written summaries with added details, and offers a chat interface powered by models like...