# Granola funding: rounds and investors > Granola has raised $168M across 2 rounds since 2025. Investors include NFDG, Lightspeed Venture Partners and Spark Capital. Every round with its source. Source: https://millionrounds.com/company/granola (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # Who invested in *Granola* 2 rounds we have observed, with the 12 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Collaboration Tools Raised 7 months ago Follow Granola and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fgranola) Funding summary Updated 5 Nov 2026 **$168M** raised across 2 rounds since 2025, from 2 sources **$43M** Series B **$125M** Series C - **Latest round:** Series C, $125M Mar 2026 - **Led by:** Index Ventures - **Step-up i:** 2.9× - **Investors:** 12 (2 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 **$43M** Series B **$125M** Series C - **First round:** Series B, $43M - **Biggest round:** $125M - **Between rounds:** 10 months ## The rounds - **Mar 2026** Series C **$125M** *2 new* *4 returning* [Index Ventures](https://millionrounds.com/fund/index-ventures) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [DG VENTURES](https://millionrounds.com/fund/dg-ventures) [NFDG](https://millionrounds.com/fund/nfdg) Reported by TechCrunch - **May 2025** Series B **$43M** *10 new* [NFDG](https://millionrounds.com/fund/nfdg) Lead [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Betaworks](https://millionrounds.com/fund/betaworks) [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) [Guillermo Rauch](https://millionrounds.com/fund/guillermo-rauch) [DG VENTURES](https://millionrounds.com/fund/dg-ventures) [Amjad Masad](https://millionrounds.com/fund/amjad-masad) [Tobias Lütke](https://millionrounds.com/fund/tobias-lutke) [Karri Saarinen](https://millionrounds.com/fund/karri-saarinen) Reported by TechCrunch ## Funding filed with regulators Granola filed 2 raises, $22M in all. Filings say how much was sold and to how many investors; they never name the investors. - Jul 2024 **$19M** 3 investors of $20M offered SEC Form D - Mar 2023 **$3.4M** 5 investors equity of $4.2M offered SEC Form D ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series B** 2025 **Series C** 2026 [NFDG](https://millionrounds.com/fund/nfdg) L [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Spark Capital](https://millionrounds.com/fund/spark-capital) [DG VENTURES](https://millionrounds.com/fund/dg-ventures) [Index Ventures](https://millionrounds.com/fund/index-ventures) L [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) [Betaworks](https://millionrounds.com/fund/betaworks) [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) [Guillermo Rauch](https://millionrounds.com/fund/guillermo-rauch) [Amjad Masad](https://millionrounds.com/fund/amjad-masad) ## Everyone who backed them [NFDG](https://millionrounds.com/fund/nfdg) Growth equity **2** rounds, led 1 [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **2** rounds [Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **2** rounds [DG VENTURES](https://millionrounds.com/fund/dg-ventures) Accelerator **2** rounds [Index Ventures](https://millionrounds.com/fund/index-ventures) VC firm **1** round, led 1 [Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins) VC firm **1** round [Betaworks](https://millionrounds.com/fund/betaworks) VC firm **1** round [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) VC firm **1** round [Guillermo Rauch](https://millionrounds.com/fund/guillermo-rauch) VC firm **1** round [Amjad Masad](https://millionrounds.com/fund/amjad-masad) Angel **1** round [Tobias Lütke](https://millionrounds.com/fund/tobias-lutke) VC firm **1** round [Karri Saarinen](https://millionrounds.com/fund/karri-saarinen) Angel **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=granola). ## Also claim to have backed them These 4 firms list Granola as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Chemistry](https://millionrounds.com/fund/chemistry) VC firm Per its own site [Steve Blank](https://millionrounds.com/fund/steve-blank) Angel Per its own site [Adverb Ventures](https://millionrounds.com/fund/adverb-ventures) VC firm Per its own site [AI Grant](https://millionrounds.com/fund/ai-grant) Accelerator Per its own site ## Quick answers about Granola ### Who invested in Granola? Granola's investors include NFDG, Lightspeed Venture Partners, Spark Capital, DG VENTURES and Index Ventures, and 7 more on record. Index Ventures led its latest round. ### How much has Granola raised? Granola has raised $168M across 2 rounds since 2025. ### When did Granola last raise? Granola's most recent round was a Series C of $125M in Mar 2026, led by Index Ventures. ### What was Granola's biggest round? Its most recent round, $125M in Mar 2026, is also its largest on record. ### Who backed Granola first? Granola's first round on record, in May 2025, was backed by NFDG, Lightspeed Venture Partners and Spark Capital and 7 others. ### What stage is Granola at? Granola's latest named round is a Series C, in Mar 2026. ### Where is Granola based? Granola is based in the United States. ### Who led Granola's rounds? NFDG led the Series B in 2025; Index Ventures led the Series C in 2026. ## Companies like Granola In the same sector, and raised in the last eighteen months. [**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app