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  "markdown": "Venture firm.\n\n## Companies on Anchor Terminal\n\n- **ElevenLabs**, Series C, January 2025, Series D, February 2026\n  - [ElevenLabs Agents API + MCP](https://www.anchorterminal.com/tools/elevenlabs-agents.md), graded BB, 71.4/100\n  - [ElevenLabs Music API](https://www.anchorterminal.com/tools/elevenlabs-music.md), graded B, 66.9/100\n  - [ElevenLabs Scribe Speech to Text API](https://www.anchorterminal.com/tools/elevenlabs-scribe.md), graded B, 69/100\n  - [ElevenLabs Text to Speech API + MCP](https://www.anchorterminal.com/tools/elevenlabs-tts.md), graded BB, 75.3/100\n  - [ElevenLabs Voice Cloning and Voice Design API](https://www.anchorterminal.com/tools/elevenlabs-voice-cloning.md), graded BB, 74.8/100\n  - Source: https://elevenlabs.io/blog/series-d\n- **Granola, Inc.**, Series C, March 2026\n  - [Granola](https://www.anchorterminal.com/tools/granola.md), graded C, 61.6/100\n  - Source: https://www.granola.ai/blog/series-c\n\n## Where they invest\n\n- Conversational voice agents, 1\n- Music generation, 1\n- Speech-to-text, 1\n- Text-to-speech, 1\n- Voice cloning \u0026 custom voices, 1\n- Meeting capture \u0026 meeting infrastructure, 1\n\n## Founders they backed\n\n- [Mati Staniszewski](https://www.anchorterminal.com/people/mati-staniszewski/), ElevenLabs\n- [Piotr Dąbkowski](https://www.anchorterminal.com/people/piotr-dabkowski/), ElevenLabs\n\n## Questions\n\n### Which AI tools has NFDG invested in?\n\nAnchor Terminal lists ElevenLabs and Granola, Inc. backed by NFDG.\n\n### How are NFDG's companies graded?\n\nOn Anchor Terminal's benchmark, ElevenLabs Agents API + MCP (BB, 71.4), ElevenLabs Music API (B, 66.9), ElevenLabs Scribe Speech to Text API (B, 69), ElevenLabs Text to Speech API + MCP (BB, 75.3), ElevenLabs Voice Cloning and Voice Design API (BB, 74.8) and Granola (C, 61.6).\n\nInvestors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.\n",
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