📝 Grammarly Secured $100M

Liam Gill
May 31, 2025

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Grammarly has secured a $1 billion non-dilutive financing commitment from General Catalyst's Customer Value Fund, enabling it to boost sales and marketing while preserving existing capital for strategic acquisitions. Rather than giving up equity, Grammarly will repay the funds through a capped percentage of revenue tied to the investment's impact. This revenue-backed structure helps maintain Grammarly's valuation, which was last pegged at $13 billion in 2021, even amid the current market downturns. The move follows its acquisition of productivity platform Coda and signals Grammarly’s evolution into a broader AI productivity suite under new CEO Shishir Mehrotra.

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We have not seen the likes of AI's around-the-world spread before. It took 23 years for 90% of internet users to be outside of North America. ChatGPT has achieved this in 3.
Find our latest report, "Trends – Artificial Intelligence" here.
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3:40 PM • May 30, 2025

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