Otter.ai raises $320 million from General Catalyst’s growth fund for its meeting tool

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.

The startup, which has been around for nearly a decade, has raised $50 million in total funding with its last round in 2021, according to…