Grammarly raises $1 billion to expand sales, marketing; CEO Mehrotra says, ‘The future looks bright’

| Posted on |

Here’s a summary of the information based on the provided text:

Summary of Funding Details

  • Startup: Grammarly
  • Founder: Shishir Mehrotra (CEO)
  • Investors:
    • General Catalyst (existing investor)
  • Funding Amount: $1 billion
  • Funding Type: Non-dilutive financing
  • Funding Series: Late-stage capital infusion
  • Date of Funding Announcement: May 29, 2025

Additional Context

  • The funding follows Grammarly’s acquisition of Coda, expanding their capabilities into enterprise productivity and workflow tools.
  • The raised capital will be allocated to scaling sales and marketing efforts and pursuing strategic acquisitions.
  • Grammarly supports over 40 million daily users with more than $700 million in annual revenue.

This investment positions Grammarly as a comprehensive AI productivity suite, enhancing workflows across industries.

Source link

2025-05-30 12:30:22