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. […]
Otter.ai raises $320 million from General Catalyst’s growth fund for its meeting tool
TE TechCrunch 
Key takeaways
Otter.ai raised $320 million from General Catalyst’s growth fund to boost enterprise growth and product innovation.
- Otter.ai received $320 million from General Catalyst’s Customer Value Fund without equity dilution.
- The company aims to use the funds for enterprise growth, international expansion, and product innovation.
- Otter.ai has 40 million users and hit $100 million in annual recurring revenue last year.
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- TechCrunch Otter.ai raises $320 million from General Catalyst’s growth fund for its meeting tool (this story)
