🏆 Deal of the Week · CW 20/2025
Granola raised USD 43 million in a Series B round at a valuation of USD 207 million. The round was led by Lightspeed Venture Partners and Spark Capital. The deal was named Deal of the Week for KW 20/2025 on Venionaire DealMatrix.
Granola — key deal facts
| Company | Granola |
| Founded | 2023 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 43m |
| Valuation | USD 207m |
| Round | Series B |
| Investors | Amjad Masad, Charlie Songhurst, Des Traynor, Guillermo Rauch, Karim Atiyeh, Karri Saarinen, Laura Modiano, Lenny Rachitsky, Lightspeed Venture Partners, Nat Friedman, NFDG Ventures, Nilan Peiris, Noah Weiss, Romain Huet, Spark Capital, Tobias Lütke, Zach Lloyd |
| Sectors | Artificial Intelligence (AI) |
Who invested in Granola?
The round drew backing from Lightspeed Venture Partners and Spark Capital alongside a broad roster of angel investors including Amjad Masad, Charlie Songhurst, Des Traynor, Guillermo Rauch, Karim Atiyeh, Karri Saarinen, Laura Modiano, Lenny Rachitsky, Nat Friedman, NFDG Ventures, Nilan Peiris, Noah Weiss, Romain Huet, Tobias Lütke, and Zach Lloyd. The investor mix is notable for combining two top-tier venture funds with a concentrated group of operator-angels drawn from the leadership ranks of Shopify, Linear, Vercel, Intercom, and GitHub, signalling strong conviction from practitioners who rely on productivity tooling daily.
What does Granola do?
Granola is a London-based AI note-taking application founded in 2023 by Chris Pedregal and Sam Stephenson. The platform transcribes business meetings, generates structured notes, and enhances manually written summaries by filling in missed details or polishing text. Its chat interface can convert meeting notes into downstream assets such as presentations and product specifications. Pedregal previously founded Socratic, an AI tutoring app acquired by Google, bringing direct experience scaling consumer AI products.
Granola valuation & multiples
No existing multiples analysis was supplied for this deal. For context on how AI software companies are valued relative to revenue and earnings, visit the Venionaire DealMatrix sector multiples pages for Artificial Intelligence and Enterprise SaaS.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Granola raise in its Series B?
Granola raised USD 43 million in its Series B round.
What is Granola's valuation?
Granola's post-money valuation at the time of its Series B was USD 207 million.
Who invested in Granola?
The round was led by Lightspeed Venture Partners and Spark Capital, with angel participation from Amjad Masad, Nat Friedman, Tobias Lütke, Des Traynor, Guillermo Rauch, and others.
When was Granola founded and where is it based?
Granola was founded in 2023 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.