Otter.ai Secures $320M From General Catalyst Growth Fund

WHO:

Techmeme - Otter.ai is a meeting note-taking tool.

Techmeme - General Catalyst’s Customer Value Fund (CVF) provided funding to Otter.ai.

TechCrunch - Otter.ai is a meeting note-taking tool.

TechCrunch - General Catalyst’s Customer Value Fund (CVF) provided funding to Otter.ai.

WHAT:

Techmeme - Otter.ai announced it raised $320 million from General Catalyst’s Customer Value Fund.

Techmeme - PitchBook says Otter.ai had raised $50 million before this round.

TechCrunch - Otter.ai announced it raised $320 million from General Catalyst’s Customer Value Fund.

TechCrunch - The fund provides capital to startups without diluting equity and receives returns based on the results of marketing spend.

TechCrunch - Otter.ai said it would use the funds for enterprise growth, go-to-market strategy, international expansion, and product innovation.

WHY:

TechCrunch - The funding is intended to support Otter.ai’s enterprise growth, go-to-market strategy, international expansion, and product innovation.

HOW:

TechCrunch - The $320 million was provided through the Customer Value Fund as non-dilutive capital, which does not dilute startup equity and generates returns based on marketing-spend results.

(UPDATED October 21, 2026 00:42 UTC)

Meeting note-taking company Otter.ai has raised $320 million from General Catalyst’s Customer Value Fund, after previously raising $50 million, according to PitchBook. The fund provides non-dilutive capital, meaning it does not take equity, and earns returns based on the results of marketing spending. Otter.ai says it will use the money to grow its enterprise business, strengthen its go-to-market strategy, expand internationally, and innovate on its products.