Grammarly raises $90M, surpassing $1B valuation

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Grammarly raises $90M, surpassing $1B valuation 1

Grammarly, a startup that checks your grammar, suggests better ways to write and moderates the tone of what you write, has closed a $90 million round of funding.

Brad Hoover, the company’s CEO, confirmed to TechCrunch that the funding catapults the company’s valuation to more than $1 billion. This latest round is being led by General Catalyst, which had also helped lead its previous and only other round, for $110 million in 2017. It brings the total funds raised by the startup to $200 million.

Grammarly started as a small Ukrainian startup when it was founded by Alex Shevchenko and Max Lytvyn in 2009. Hoover, the startup’s CEO, has joined back in 2011.

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