# Granola revenue, valuation & funding

Markdown copy of https://realalpha.app/companies/granola/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Granola was valued at $1.5B in its $125M Series C in March 2026. It hasn't disclosed revenue, though Bloomberg reported 250% growth in the most recent quarter. It's a private company with no stated IPO plan.

Checked Nov 6, 2026

## At a glance

- Valuation: $1.5B at its $125M Series C, in March 2026, led by Index Ventures.
- Revenue: not disclosed. Bloomberg reported 250% growth in the most recent quarter, around March 2026.
- Status: private. No stock ticker and no stated IPO plan.
- Founded: in March 2023, by Chris Pedregal and [Sam Stephenson](https://realalpha.app/builders/sam-stephenson/).
- CEO: Chris Pedregal, its co-founder.
- Investors: Index Ventures, Kleiner Perkins, NFDG, Spark Capital and Lightspeed Venture Partners, among others.
- Products: the Granola meeting notepad, Spaces for teams, personal and enterprise APIs, connectors for AI apps and free dictation.
- Headquarters: London, with an office in San Francisco.
- On Real Alpha: 7 moments of its people talking, from 1 interviews

## Is Granola public? Can you buy its stock?

No. Granola is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. [PitchBook](https://pitchbook.com/profiles/company/527331-97) lists it as privately held and venture-backed.

Its executives haven't said publicly whether or when it plans to go public. No IPO filing has been reported.

Its shares are held privately by its founders and its venture investors, which PitchBook counts at 38. This page reports facts and gives no investment advice.

## Valuation, round by round

Its valuation went from $250M in May 2025 to $1.5B in March 2026, six times higher in under a year.

- Mar 2026 · $1.5B · $125M · Danny Rimer at Index Ventures · [Granola's blog](https://www.granola.ai/blog/series-c)
- May 2025 · $250M · $43M · NFDG (Nat Friedman and Daniel Gross) · [TechCrunch](https://techcrunch.com/?p=3005784)
- Oct 2024 · — · $20M · Spark Capital · [Granola's blog](https://www.granola.ai/blog/series-a)
- May 2023 · — · $4.25M · — · [Business Wire](https://www.businesswire.com/news/home/20250514342646/en/Granola-Launches-AI-Workspace-for-Teams-and-Raises-$43M-Series-B)

The seed and Series A rounds came with no published valuation. [The Next Web](https://thenextweb.com/news/granola-series-c-meeting-ai-enterprise-context) puts total funding at $192 million after the Series C.

## How Granola makes money

Granola sells subscriptions priced per user, with a free plan to start. [Sacra](https://sacra.com/c/granola/) describes it as a B2B2C freemium SaaS business aimed at high-value, influential users.

- **Basic.** Free, at $0 per user per month, with 30 days of meeting history. · [Granola's pricing page](https://www.granola.ai/pricing)
- **Business.** $14 per user per month, with unlimited notes and history, integrations, MCP and API access. · [Granola's pricing page](https://www.granola.ai/pricing)
- **Enterprise.** $35 per user per month, adding SSO, admin controls and usage analytics. · [Granola's pricing page](https://www.granola.ai/pricing)
- **Costs.** Sacra says its AI inference costs grow in step with users, and that margins should improve only if those costs fall. · [Sacra](https://sacra.com/c/granola/)

From Granola's interviews

- [Granola lets enterprise workflows move beyond its UI](https://realalpha.app/s/granola-lets-enterprise-workflows-move-beyond-its-ui/) · Sam Stephenson · Behind the Craft · Oct 4, 2026

## Products

Granola started as a notepad that records and summarizes meetings on the user's own computer. It has since added team sharing, APIs and dictation.

- **Granola, the meeting notepad** (launched May 2024). An AI notepad for meetings that runs on the user's computer, with no bot joining the call. It launched after a closed beta. · [Granola's blog](https://www.granola.ai/blog/series-a)
- **Sharing** (May 14, 2025). Users could share meeting notes with people who don't use Granola, who can then chat with its AI about them. · [TechCrunch](https://techcrunch.com/2025/05/14/ai-note-taking-app-granola-raises-43m-at-250m-valuation-launches-collaborative-features)
- **Recipes** (late September 2025). Repeatable prompts, called up with "/" in chat. · [Sacra](https://sacra.com/c/granola/)
- **Spaces and APIs** (March 25, 2026). Spaces organize and share notes with a team. A personal API comes with Business and Enterprise plans, and an enterprise API with Enterprise. · [Granola's blog](https://www.granola.ai/blog/series-c)
- **Connectors.** As of March 2026 it was an official connector in Claude, ChatGPT, Lovable, Figma Make, Replit, v0 and Bolt.new, among others. · [Granola's blog](https://www.granola.ai/blog/series-c)
- **Dictation** (October 29, 2026). Free voice typing across all apps on Mac, on every plan without limits. iOS and Windows are coming. · [TechCrunch](https://techcrunch.com/2026/10/29/granola-crunches-up-a-dictation-feature-to-compete-with-wispr/)
- **Dimension.** Granola acqui-hired the team behind Dimension, an AI assistant for engineering teams, according to Product Hunt. · [Product Hunt](https://www.producthunt.com/p/dimension-2/dimension-is-joining-granola)

From Granola's interviews

- [Granola hides the transcript to keep users present](https://realalpha.app/s/granola-hides-the-transcript-to-keep-users-present/) · Sam Stephenson · Behind the Craft · Oct 4, 2026
- [Easy shipping makes product quality matter more](https://realalpha.app/s/easy-shipping-makes-product-quality-matter-more/) · Sam Stephenson · Behind the Craft · Oct 4, 2026
- [A design system helps engineers and agents ship consistently](https://realalpha.app/s/a-design-system-helps-engineers-and-agents-ship-consistently/) · Sam Stephenson · Behind the Craft · Oct 4, 2026

## Customers

Granola hasn't published a user count. At its March 2026 Series C, [The Next Web](https://thenextweb.com/news/granola-series-c-meeting-ai-enterprise-context) noted it had not disclosed revenue, user counts or retention.

In October 2024 it said weekly users had grown 6x since launch. It added that half of people who try it still use it 10 weeks later ([Granola](https://www.granola.ai/blog/series-a)).

Its homepage shows an App Store rating of 4.96 out of 5 from 14,678 ratings.

- **Enterprises.** Vanta, Gusto, Thumbtack and Asana, named by Granola in March 2026. · [Granola's blog](https://www.granola.ai/blog/series-c)
- **Startups.** Cursor, Lovable, Decagon and Mistral AI, named in the same announcement. · [Granola's blog](https://www.granola.ai/blog/series-c)
- **Leaders.** In October 2024 Granola said over half of its users are in leadership roles. · [Granola's blog](https://www.granola.ai/blog/series-a)

From Granola's interviews

- [Granola helps Sam prepare for and recover from meetings](https://realalpha.app/s/granola-helps-sam-prepare-for-and-recover-from-meetings/) · Sam Stephenson · Behind the Craft · Oct 4, 2026
- [Granola keeps private meetings separate from shared team notes](https://realalpha.app/s/granola-keeps-private-meetings-separate-from-shared-team/) · Sam Stephenson · Behind the Craft · Oct 4, 2026

## Leadership

- **Chris Pedregal,** co-founder and CEO. He signed the Series C announcement in March 2026. · [Granola's blog](https://www.granola.ai/blog/series-c)
- **[Sam Stephenson](https://realalpha.app/builders/sam-stephenson/),** co-founder and the company's designer. He and Pedregal have been the only directors of its UK entity since March 2023. · [PPC Land](https://ppc.land/granola-sued-for-recording-meetings-without-consent-to-train-ai-models/)
- **Danny Rimer,** of Index Ventures, was set to join its board as an observer with the Series C. · [The Next Web](https://thenextweb.com/news/granola-series-c-meeting-ai-enterprise-context)

From Granola's interviews

- [An internal agent can become a tool everyone improves](https://realalpha.app/s/an-internal-agent-can-become-a-tool-everyone-improves/) · Sam Stephenson · Behind the Craft · Oct 4, 2026

## Who owns Granola?

Its founders and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed. [PitchBook](https://pitchbook.com/profiles/company/527331-97) lists 38 investors and no parent company.

- **Index Ventures** led the $125M Series C in March 2026, through Danny Rimer. · [Granola's blog](https://www.granola.ai/blog/series-c)
- **Kleiner Perkins** took part in the Series C. · [Granola's blog](https://www.granola.ai/blog/series-c)
- **NFDG,** the firm of Nat Friedman and Daniel Gross, led the $43M Series B in May 2025. · [TechCrunch](https://techcrunch.com/?p=3005784)
- **Spark Capital** led the $20M Series A in October 2024. · [Granola's blog](https://www.granola.ai/blog/series-a)
- **Lightspeed Venture Partners** invested in the May 2023 seed round and came back in later rounds. · [Business Wire](https://www.businesswire.com/news/home/20250514342646/en/Granola-Launches-AI-Workspace-for-Teams-and-Raises-$43M-Series-B)
- **AI Grant, Betaworks and Firstminute Capital** joined the Series A. · [Granola's blog](https://www.granola.ai/blog/series-a)

## Competitors

Meeting notes and dictation have drawn several voice startups into the same products. [TechCrunch](https://techcrunch.com/2026/10/29/granola-crunches-up-a-dictation-feature-to-compete-with-wispr/) set Granola's October 2026 dictation launch against Wispr.

- **[Wispr](https://realalpha.app/companies/wispr-flow/),** valued at $2 billion against Granola's $1.5 billion, per TechCrunch. · [TechCrunch](https://techcrunch.com/2026/10/29/granola-crunches-up-a-dictation-feature-to-compete-with-wispr/)
- **Otter.ai and Fireflies.ai,** which Sacra names as its most direct competitors. · [Sacra](https://sacra.com/c/granola/)
- **Speechify and Monologue,** which also combine meeting notes and dictation, per TechCrunch. · [TechCrunch](https://techcrunch.com/2026/10/29/granola-crunches-up-a-dictation-feature-to-compete-with-wispr/)
- **Zoom, [Microsoft](https://realalpha.app/companies/#microsoft) Teams and Google Meet,** named by Sacra as platform incumbents. · [Sacra](https://sacra.com/c/granola/)

## Timeline and latest news

- Oct 29, 2026 · Launched free dictation on Mac across all apps. · [TechCrunch](https://techcrunch.com/2026/10/29/granola-crunches-up-a-dictation-feature-to-compete-with-wispr/)
- Oct 19, 2026 · The class action over meeting recordings was amended. · [Scribbl](https://scribbl.co/post/is-granola-ai-safe)
- Jul 30, 2026 · A proposed class action accused it of recording meetings without consent. · [PPC Land](https://ppc.land/granola-sued-for-recording-meetings-without-consent-to-train-ai-models/)
- Mar 30, 2026 · Bloomberg reported its revenue grew 250% in the most recent quarter. · [The Daily Vibe](https://dailyvibenews.com/article/granola-just-raised-125m-to-prove-meeting-notes-arent-a-commodity-yet-s9ha)
- Mar 25, 2026 · Raised $125M at a $1.5B valuation, led by Index Ventures. · [Granola's blog](https://www.granola.ai/blog/series-c)
- Mar 25, 2026 · Launched Spaces for teams, plus personal and enterprise APIs. · [Granola's blog](https://www.granola.ai/blog/series-c)
- Sep 2025 · Launched Recipes, repeatable prompts called up in chat. · [Sacra](https://sacra.com/c/granola/)
- May 14, 2025 · Raised $43M at a $250M valuation, led by NFDG. · [TechCrunch](https://techcrunch.com/?p=3005784)
- May 14, 2025 · Let users share notes with people who don't use Granola. · [TechCrunch](https://techcrunch.com/2025/05/14/ai-note-taking-app-granola-raises-43m-at-250m-valuation-launches-collaborative-features)
- Oct 23, 2024 · Raised a $20M Series A led by Spark Capital. · [Granola's blog](https://www.granola.ai/blog/series-a)
- Oct 23, 2024 · Said weekly users had grown 6x since launch. · [Granola's blog](https://www.granola.ai/blog/series-a)
- May 2024 · Launched publicly after a closed beta. · [Granola's blog](https://www.granola.ai/blog/series-a)
- May 2023 · Raised a $4.25M seed round from Lightspeed, Betaworks and FirstMinute. · [Business Wire](https://www.businesswire.com/news/home/20250514342646/en/Granola-Launches-AI-Workspace-for-Teams-and-Raises-$43M-Series-B)
- Mar 3, 2023 · Its UK entity, Granola Labs Ltd, was incorporated. · [PPC Land](https://ppc.land/granola-sued-for-recording-meetings-without-consent-to-train-ai-models/)
- Mar 2023 · Founded by Chris Pedregal and Sam Stephenson. · [Business Wire](https://www.businesswire.com/news/home/20250514342646/en/Granola-Launches-AI-Workspace-for-Teams-and-Raises-$43M-Series-B)

## Legal matters

Granola faces a proposed class action over how it records meetings. As of late October 2026 the court had not ruled.

- **Chamberlain v. Granola** (filed July 30, 2026, Northern District of California). It alleges Granola records meetings without participants' consent and trains its AI on the data by default. · [PPC Land](https://ppc.land/granola-sued-for-recording-meetings-without-consent-to-train-ai-models/)
- **Status.** The complaint was amended on October 19, 2026. As of October 23, Granola had not answered or moved to dismiss. · [Scribbl](https://scribbl.co/post/is-granola-ai-safe)

## In their own words, and what followed

- [Easy shipping makes product quality matter more](https://realalpha.app/s/easy-shipping-makes-product-quality-matter-more/) · Sam Stephenson · Behind the Craft · Oct 4, 2026
  > “the easier it gets to build stuff, the more it matters to like really sweat the details”
  Reported after · On October 29, 2026 Granola launched free dictation on Mac across all apps, with iOS and Windows coming. · [TechCrunch](https://techcrunch.com/2026/10/29/granola-crunches-up-a-dictation-feature-to-compete-with-wispr/)

- [Granola keeps private meetings separate from shared team notes](https://realalpha.app/s/granola-keeps-private-meetings-separate-from-shared-team/) · Sam Stephenson · Behind the Craft · Oct 4, 2026
  > “granola definitely can't like go and look into the meetings of my reports”
  Reported after · On October 19, 2026 the class action claiming it records meetings without consent was amended. Granola had not answered it by October 23. · [Scribbl](https://scribbl.co/post/is-granola-ai-safe)

## Questions people ask

### Is Granola a public company? Can I buy Granola stock?

No. Granola is private and has no ticker, so its shares aren't sold on any exchange.

### When will Granola IPO?

It hasn't announced any plan or timing to go public, and no filing has been reported.

### Who owns Granola?

Its founders and venture investors, including Index Ventures, Kleiner Perkins, NFDG, Spark Capital and Lightspeed. [PitchBook](https://pitchbook.com/profiles/company/527331-97) lists 38 investors.

### Who is the CEO of Granola?

Chris Pedregal, who co-founded it in March 2023.

### Who founded Granola?

Chris Pedregal and [Sam Stephenson](https://realalpha.app/builders/sam-stephenson/), in March 2023.

### How much is Granola worth?

$1.5B at its $125M Series C in March 2026, according to [Granola](https://www.granola.ai/blog/series-c).

### How much revenue does Granola make?

It hasn't disclosed revenue. [The Daily Vibe](https://dailyvibenews.com/article/granola-just-raised-125m-to-prove-meeting-notes-arent-a-commodity-yet-s9ha), citing Bloomberg, reported 250% growth in the most recent quarter, around March 2026.

### Is Granola profitable?

It doesn't publish results. [Sacra](https://sacra.com/c/granola/) says its inference costs grow with users and cites the company calling its economics temporarily unsustainable.

### How does Granola make money?

Per-user subscriptions. Basic is free, Business is $14 per user a month and Enterprise is $35, according to its [pricing page](https://www.granola.ai/pricing).

### How many people use Granola?

It hasn't published a user count. In October 2024 it said weekly users had grown 6x since launch. Named customers include Vanta, Gusto, Asana and Cursor.

### Where is Granola headquartered?

London, in Shoreditch. A court complaint describes its San Francisco office as the hub of its North American sales efforts.

### Who are Granola's competitors?

Otter.ai and Fireflies.ai, per Sacra, and Wispr in dictation, per TechCrunch. Zoom, Microsoft Teams and Google Meet are platform incumbents.

## Every moment from Granola's people

### How to Use AI to Survive (and Even Enjoy) Meetings | Sam Stephenson
Behind the Craft · Oct 4, 2026

- [A design system helps engineers and agents ship consistently](https://realalpha.app/s/a-design-system-helps-engineers-and-agents-ship-consistently/) · 7 min
- [An internal agent can become a tool everyone improves](https://realalpha.app/s/an-internal-agent-can-become-a-tool-everyone-improves/) · 4 min
- [Easy shipping makes product quality matter more](https://realalpha.app/s/easy-shipping-makes-product-quality-matter-more/) · 3 min
- [Granola helps Sam prepare for and recover from meetings](https://realalpha.app/s/granola-helps-sam-prepare-for-and-recover-from-meetings/) · 3 min
- [Granola hides the transcript to keep users present](https://realalpha.app/s/granola-hides-the-transcript-to-keep-users-present/) · 3 min
- [Granola keeps private meetings separate from shared team notes](https://realalpha.app/s/granola-keeps-private-meetings-separate-from-shared-team/) · 3 min
- [Granola lets enterprise workflows move beyond its UI](https://realalpha.app/s/granola-lets-enterprise-workflows-move-beyond-its-ui/) · 2 min

## People on Real Alpha

- [Sam Stephenson](https://realalpha.app/builders/sam-stephenson/), Co-founder, Granola

## How this page is sourced

Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it.