Friday, 30 May, 2025
Grammarly Secures $1B Non-Dilutive Funding from General Catalyst to Expand AI Productivity Platform
Grammarly has obtained $1 billion in non-dilutive financing from General Catalyst's Customer Value Fund to accelerate its evolution into an AI-driven productivity platform. The funds will support sales, marketing, strategic acquisitions & product development. This revenuebased financing allows Grammarly to avoid equity dilution and maintain its valuation. Following its acquisition of productivity startup Coda & appointment of Coda's CEO, Shishir Mehrotra, Grammarly aims to broaden its offerings.
Read full story at TechCrunch