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

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/FHPkgnz