Grammarly Receives $1 Billion in Nondilutive Investment from General Catalyst
Image Credits:GrammarlyGrammarly, the writing assistant company founded 14 years ago, has secured a $1 billion funding commitment from General Catalyst. The capital will support Grammarly’s sales and marketing initiatives while preserving its existing funds for potential strategic acquisitions.Unlike conventional venture capital deals, this investment doesn’t involve General Catalyst acquiring equity in Grammarly. Instead, Grammarly...