Overview

• Grammarly raised $1 billion from General Catalyst’s Customer Value Fund in a non-dilutive deal that foregoes equity in favor of a capped return tied to revenue growth.
• The company plans to allocate the capital to sales and marketing campaigns and targeted acquisitions to accelerate adoption of its AI offerings.
• Grammarly’s writing assistant now serves over 40 million daily users and supports profitable annual revenues exceeding $700 million.
• This investment builds on January’s integration of Coda, shifting Grammarly from a standalone writing tool to a broader AI productivity platform for apps and agents.
• CEO Shishir Mehrotra says the funding will accelerate development of next-generation communication tools and lay groundwork for an eventual IPO.