Granola

Granola raised $125m in a Series C in March 2026, valuing the company at $1.5bn — a sixfold jump from its $250m valuation less than a year earlier. The round was led by Index Ventures and Kleiner Perkins, with participation from existing investors Lightspeed Venture Partners, Spark Capital, and NFDG. The company's 2026 revenue is already 2.5 times its full-year 2025 total.

Granola was founded in London in 2023 by Chris Pedregal and Sam Stephenson, and launched commercially in 2024. It operates as a desktop AI notetaking app that works without a meeting bot — users run the app alongside any video conferencing tool, and it captures, transcribes, and summarises meetings using AI. That bot-free approach, combined with deep customisation of notes, drove rapid adoption among knowledge workers and helped the company grow from a $4.25m seed round (May 2023) through a $20m Series A (late 2024) and a $43m Series B (May 2025) to unicorn status in three years.

Granola is now expanding beyond notetaking into broader enterprise AI context — building tools that let organisations surface relevant meeting history, decisions, and commitments across teams. The $125m raise will accelerate that platform expansion. As one of the fastest UK consumer AI companies to reach unicorn status, Granola is frequently cited as evidence that European AI startups can achieve hypergrowth without relocating to the US, a narrative the UK Government has been keen to amplify.