Granola, a London-based AI-powered notepad startup has been valued at $1.5bn after securing a $125m (£93.4m) Series C investment.
The company has grown rapidly since its launch in 2023 with its platform that allows users to turn conversational language into what it describes as “actionable context”.
Users can take rough notes which are transcribed by Granola and can provide context for internal teams.
It has already become a popular organisational tool for companies including Vanta, Gusto and Mistral AI.
“These companies are turning to Granola not only to capture their notes, but also to capture their context,” said Chris Pedregal, co-founder and chief executive of Granola.
“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 investment was led by Index Ventures.
“Instead of being a tax on productivity, meetings are often where ideas become companies, negotiations become deals, and conversations become careers. But we’ve never had the means to properly honour those interactions. Until now,” said Georgia Stevenson, a partner at Index Ventures.
“Granola didn’t just make notes, it changed the tone of the meeting itself – and in doing so, enhanced everything that flowed from it. Conversations became shareable, the context behind decisions understandable and the key insights surfaceable. All with the lightness that felt almost invisible.”