Otter.ai raises $320 million from General Catalyst’s growth fund for its meeting tool
Summary
Meeting assistant Otter.ai secured $320 million in funding from General Catalyst's Customer Value Fund. The company plans to use the non-dilutive capital to drive enterprise growth, expand internationally, and innovate its products.
Meeting note-taking tool Otter.ai 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. Otter.ai said that it will use these funds for enterprise growth, go-to-market strategy, international expansion, and product innovation. […]
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