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Tuesday, December 6, 2022

Remote tech startup Grain secures $16M from Tiger Global, Zoom, others

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Grain, a fully remote firm, has secured a $16 million Series A fundraising round headed by Tiger Global
Management. The round gives a boost to Grain’s aim to turn virtual lectures and meetings into video
snippet libraries. Zoom, the Slack Fund, Unusual Ventures, and Freestyle VC were among the other
investors in the round.
“We’re building a video meeting system of record for information,” Co-Founder and CEO Mike Adams
explained. “Grain enables employees to ‘click and interact’ around insights, subjects, teams, or
“[Grain] would become a] library of insights that can allow a team to have and share a micro moment —
even highlight reels of 10 customer meetings — which will be a far more compelling method of
presenting the truth of an experience,” he added.
The final conclusion, according to Adams, is that the four-year-old remote tech business is “organizing
information so our customers can locate signals in the chaos and noise.”
Grain previously raised $4 million in two seed stages, and the additional financing will be used to expand
their staff, which presently employs 27 people worldwide.
Grain just purchased PingPong, a video messaging platform sponsored by YC, Techstars, and MatchStick
Ventures, and hired Jeff Whitlock as its head of operations.
The startup intends to continue developing and expanding their offering while preserving their basis
with Zoom.

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