Granola, an AI-powered note-taking app, has secured $43 million in Series B funding, elevating its valuation to $250 million. This funding round, led by Nat Friedman and Daniel Gross’s venture firm, NFDG, also saw participation from existing investors like Lightspeed Venture Partners and Spark Capital, along with notable angel investors including Guillermo Rauch (Vercel), Amjad Masad (Replit), and Tobias Lütke (Shopify).
🚀 Granola 2.0: Introducing Collaborative Features
Alongside the funding announcement, Granola launched Granola 2.0, transforming from a personal note-taking tool into a collaborative workspace. Key features include:
- Shared Team Folders: Dedicated spaces for various collaborative use cases like sales calls, customer feedback, and hiring loops.
- Chat with Folders: Users can query across an entire folder of meeting notes, with AI delivering insights that cite specific meetings and transcripts as sources.
- Enterprise Collaboration: Business users can explore any public folder inside their domain, facilitating tasks like competitive intelligence and onboarding
- Slack Integration: Granola can send concise summaries and a “chat with this meeting” button to chosen Slack channels immediately after a call ends.
📈 Rapid Growth and User Engagement
Since its launch in 2023, Granola has experienced significant growth, with its user base increasing by 10% every week. Users are increasingly utilizing Granola for personal note-taking, allowing the app’s AI to parse and surface insights from both work-related and personal information.
🧠 Founders’ Vision and Background
Granola was founded by Chris Pedregal and Sam Stephenson.
- Chris Pedregal: A Stanford Computer Science graduate and former Google Product Manager, Pedregal previously founded Socratic, an AI-powered tutor app acquired by Google in 2018.
- Sam Stephenson: A graphic design graduate from Falmouth, Stephenson has experience in design and front-end development, having worked on various projects including interactive ski maps and iOS apps. Business Wire
🔮 Future Plans
With the new funding, Granola plans to expand its team in London to accelerate product development. The company aims to make Granola a tool that not only helps teams work better but also think better, positioning itself as a powerful, intelligent workspace built on up-to-date context of company activities.
