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

Grammarly provided $ 1 billion in total catalyst. 14-year-old Writing Assistant Startup will use new funds for sale and marketing efforts by building existing capital to make strategic purchases.

Unlike a traditional enterprise tour, the general catalyst will not share a capital share in the company in exchange for investment. Instead, grammar capital will return the income from the use of the total catalyst.

Investment comes from a capital pool that helps the general catalyst customer value fund (CVF), a late scene start with projected income streams. The CVF alternative financing strategy “gives” the capital provided by repetitive revenues of a company.

This financing form for companies such as grammarly, it does not reset the inconclusive and company’s assessment. Grammar was assessed $ 13 billion in 2021During the peak of the Arch. At the same time, the company’s assessment in today’s market is assessed in today’s market, according to an investor who wants to remain anonymous.

Grammarly did not respond to commentary immediately.

Grammatically produced productivity in December Startup code And CEO, the inflatable Mehrotra, designated to lead grammar. The company, which has become an AI productivity tool purchased, has annual income More than $ 700 million.

The general catalyst has provided the customer value fund fund About 50 companiesRo, including Insurtech Limonade and Teleague platform. The CVF protects its unique limited partners and the company did not include $ 8 billion in capital growth.

General catalyst Head Honcho Hemant Tanahi and Pranav Singhvi, CVF co-chairs, talked to Techcrunch more about the group’s specialized financing strategy Last fall.