Otter.ai, which develops a cloud-based note-taking and speech transcription app, has raised a $50 million Series B round led by Spectrum Equity, with participation from existing investors Horizons Ventures, Draper Associates, GGV Capital. The funding underscores Otter’s status as a popular tool for remote work during the pandemic, which it has carved out in part by integrating its software...
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Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month
In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed...
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