Overview
- The deal is structured as non-dilutive financing that delivers General Catalyst a capped return tied to revenue rather than equity in Grammarly.
- Grammarly plans to deploy the funds to expand its sales and marketing footprint and pursue strategic acquisitions.
- General Catalyst’s Customer Value Fund has now backed nearly 50 late-stage tech companies with similar revenue-based financing models.
- In January, Grammarly acquired Coda and appointed its CEO Shishir Mehrotra to lead its push into broader AI-powered workplace tools.
- With over 40 million daily users and more than $700 million in annual revenue, Grammarly remains profitable and continues preparing for a future IPO.