On November 14, 2022, Owl Labs, Inc closed the transaction. The company received $25,000,000 in its series C round of funding led by new investor HP Tech Ventures. The transaction also included participation from returning investors Sourcenext Corporation, Matrix Management Corporation, Spark Capital Partners, LLC and Playground Global, LLC.

Angelo Del, from HP Tech Ventures has joined company's board of directors as a part of the transaction. The company has raised total $47,000,000 in funding till date.