Otter.ai raises $320M from General Catalyst's growth fund

Otter.ai has raised $320 million from General Catalyst's Customer Value Fund, which funds marketing without equity dilution. The company will use the capital for enterprise growth, go-to-market, international expansion and product innovation. Otter previously raised $50 million, crossed $100 million in ARR last year and has seen 40 million users to date.

• $320M round from General Catalyst's Customer Value Fund
• Prior funding totaled $50M, last round in 2021
• ARR passed $100M; users grew from 25M to 40M
• Funds target enterprise growth and international expansion