Otter.ai Raises $50 Million Series B Led by Spectrum Equity to Address Over a Billion Users of Online Meetings and Demand for Otter’s Productivity and Collaboration App

25 Feb, 2021

Otter.ai Raises $50 Million Series B Led by Spectrum Equity to Address Over a Billion Users of Online Meetings and Demand for Otter’s Productivity and Collaboration App
Photo by XPS on Unsplash

– Otter.ai announced that it has raised $50m in a Series B led by Spectrum Equity, with continued participation from Horizons Ventures, Draper Associates, GGV Capital, Draper Dragon Fund, and others to capture unprecedented demand for its online meeting productivity tools.
– John Connolly, Managing Director of Spectrum Equity, will join Otter.ai’s Board of Directors.
– Otter.ai’s AI-powered collaborative note-taking and productivity app work seamlessly with video conferencing platforms like Zoom and Google Meet and with phone calls and other voice communications.
– The round includes a $10m convertible note.

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