Grammarly secures $1B in non-dilutive funding from General Catalyst
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Grammarly has secured a $1 billion commitment from General Catalyst. The 14-year-old writing assistant startup will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. Unlike a traditional venture round, General Catalyst will not receive an equity stake in the company in return for the investment. […]
from TechCrunch https://ift.tt/bXhuaCY
by Peace Mathew
Grammarly has secured a $1 billion commitment from General Catalyst. The 14-year-old writing assistant startup will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. Unlike a traditional venture round, General Catalyst will not receive an equity stake in the company in return for the investment. […]
from TechCrunch https://ift.tt/bXhuaCY
by Peace Mathew