LONDON, May 15, 2025 — Granola, the AI-powered notetaking startup, announced Wednesday it has raised $43 million in a Series B funding round led by NFDG, the venture firm run by Nat Friedman and Daniel Gross. The new capital values the company at $250 million and brings its total funding to $67 million.

The London-based company launched a year ago and has seen user growth of 10% per week, fueled largely by organic adoption among founders and venture capitalists. Initially built to automate meeting notes, Granola has quickly evolved into a more comprehensive workspace tool, used by individuals not just for calls but for broader personal note-taking.

“People have Granola open all day because they have a lot of meetings, so it’s like where they’re starting to live,” said Chris Pedregal, co-founder of Granola. He added that the app’s flexible use beyond meetings has deepened engagement and broadened its value to users.

The funding round includes participation from existing investors Lightspeed and Spark, along with angel investors such as Guillermo Rauch of Vercel, Amjad Masad of Replit, Tobias Lütke of Shopify, and Karri Saarinen of Linear.

Granola is now launching new collaborative features designed for team environments. The update allows users to share notes and transcripts, organize shared folders for use cases like hiring and customer feedback, and invite non-users to interact with the AI through shared content.

The product update marks a shift for Granola, moving it closer to rivals like Read AI, Fireflies, and Otter, which already offer team-based tools. But Pedregal said Granola remains distinct in its user-first design and flexibility. “It’s not about just capturing a meeting. It’s a space where you can work, even post-meetings,” he said.

Earlier this month, Granola released a feature that lets users query the AI about any recorded meeting. That capability now extends to individual folders, providing more focused insights.

As the market for AI productivity tools grows more competitive, Granola’s push into collaboration reflects a broader shift in the category. Companies like Notion are integrating similar features, trying to centralize AI and productivity in one place.

Lightspeed’s Mike Mignano said Granola’s attention to user experience has set it apart. “Since the start, the company has had the right mix of AI transcript and human control of taking notes,” he said. “With these features, Granola will have long-term context for users and teams, kicking off network effects for the startup.”