Grammarly has landed a $1 billion non-dilutive commitment from General Catalyst’s Customer Value Fund, designed to support sales, marketing, and strategic acquisitions. Instead of equity, Grammarly will repay the capital via a capped share of revenue. The AI productivity firm, now led by ex-Coda CEO Shishir Mehrotra, earns $700M+ annually and continues evolving post its Coda acquisition.
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