Grammarly Secures $1B Funding

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Grammarly secures $1B in non-dilutive funding from General Catalyst | TechCrunch

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The 14-year-old writing assistant startup will use the new funds for its sales and marketing efforts.

The investment comes from General Catalyst’s Customer Value Fund , a capital pool that helps late-stage startups with predictable revenue streams deploy new funding specifically to growing their businesses.

General Catalyst will not receive an equity stake in the company in return for the investment.

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