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Otter.ai secures $320 million from General Catalyst's Customer Value Fund

Meeting note-taking service Otter.ai has secured $320 million in non-dilutive capital through General Catalyst's Customer Value Fund.

Meeting note-taking platform Otter.ai announced Tuesday that it has raised $320 million from General Catalyst's Customer Value Fund, according to reporting by TechCrunch's Ivan Mehta.[1][3][4]

The Customer Value Fund provides startups with capital without diluting equity, tying its investment returns directly to the outcomes of marketing spend. Prior to this financing round, Otter.ai had raised $50 million, according to PitchBook data.[1][2][4]

Key facts

  • Otter.ai announced that it raised $320 million from General Catalyst's Customer Value Fund.
  • General Catalyst's Customer Value Fund provides non-dilutive capital to startups and earns returns based on marketing spend results.
  • According to PitchBook data, Otter.ai had raised $50 million before this funding round.
  • The financing was reported by TechCrunch's Ivan Mehta.

Sources · 4 sources

  1. TE

    TechmemeArticle ·

    Note-taking tool Otter.ai raised $320M in non-dilutive capital from General Catalyst's Customer Value Fund; PitchBook says it raised $50M prior to this round (Ivan Mehta/TechCrunch) Ivan Mehta / TechCrunch : Note-taking tool Otter.ai raised $320M in non-dilutive capital from General Catalyst's Customer Value Fund; PitchBook says it raised $50M prior to this round — Meeting note-taking tool Otter.ai announced on Tuesday that it has raised $320 million from General Catalyst's Customer Value Fund …

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  2. TE

    Techmeme@TechmemePost on X ·

    Note-taking tool Otter․ai raised $320M in non-dilutive capital from General Catalyst's Customer Value Fund; PitchBook says it raised $50M prior to this round (@indianidle / TechCrunch) (Visit Techmeme dot com for the link and full context!)

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  3. SI

    SiliconANGLE@SiliconANGLEPost on X ·

    https://t.co/TeViGmc6Mk raises $320M in funding for its AI meeting assistant https://t.co/Jn5J2YpLCq

    Open source
  4. TE

    TechCrunch@TechCrunchPost on X ·

    Meeting note-taking tool https://t.co/mQqPSr2Iuw announced on Tuesday that it has raised $320 million from General Catalyst’s Customer Value Fund (CVF), which provides capital to startups without diluting equity and gets returns on the results of marketing spend. https://t.co/jUxK2pS7Qt

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