Granola Raises $125 Million From Index Ventures — The AI Meeting Notes App That Wants to Become Your Whole Work Copilot

Granola, the AI-powered meeting notes and workplace productivity platform, raised $125 million in a Series C funding round led by Index Ventures on March 25, 2026. Granola’s product automatically captures, transcribes, and summarises meetings, then generates structured notes, follow-up action items, and searchable knowledge bases — all while running privately on the user’s device rather than through a cloud server during the meeting itself. Index Ventures, one of Europe’s most respected venture capital firms with a strong track record in enterprise software including Figma, Notion, and Datadog, led the round. The Granola raise reflects a broader trend that Carta’s quarterly data — published officially and cited by TechCrunch — quantifies with precision: in the quarter ending March 2026, AI startups accounted for 41% of all venture capital dollars tracked on Carta’s platform, a record-high share, with AI’s dominance of the venture landscape concentrating particularly around companies that embed AI deeply into enterprise workflows rather than those selling access to general-purpose models. Carta’s data also shows that over 40% of all seed and Series A investment in 2026 has gone to rounds of $100 million or more — a structural shift signalling that the venture industry is concentrating bets into fewer, larger, more conviction-driven positions. The average time between seed and Series A for non-AI startups has stretched to 616 days, as investors demand stronger revenue metrics before committing institutional capital. AI-native startups are moving faster, with many reaching $1 million in annual recurring revenue in months rather than years because their distribution costs are lower and they can build with significantly smaller teams than traditional software companies required.