AI productivity player Grammarly raises $1bn from General Catalyst

AI productivity player Grammarly raises $1bn from General Catalyst

As online grammar player Grammarly continues its transformation into an AI productivity suite following the purchase of Coda, it has now raised $1bn to further expand its operations. Read more: AI productivity player Grammarly raises $1bn from General Catalyst

Grammarly Secures $1 Billion In Financing From General Catalyst To Expand Its AI-Powered Productivity Platform - SuperbCrew

Grammarly secures $1 billion in funding from General Catalyst to scale its AI-powered productivity platform following the acquisition of Coda. The investment supports expansion in sales, marketing, and strategic acquisitions while deepening integration across over 500,000 applications. With more than 40 million users and 50,000 organizations, Grammarly strengthens its position in enterprise communication and AI-assisted workflows. Why Investors …

Grammarly Raises $1 Billion in Nondilutive Funding From General Catalyst

Grammarly, the 16-year-old writing assistant startup, has secured a $1 billion commitment from venture firm General Catalyst. Unlike a traditional funding round, General Catalyst will not receive equity in Grammarly. Instead, the investment will be repaid along with a fixed, capped percentage of revenue generated from the use of the funds. Purpose of the Funding The new capital is intended to boost Grammarly’s sales and marketing efforts, while …