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Grammarly raises $110 million
As reported by TechCrunch, Grammarly just raised $110 million in funding:
Grammarly has been quietly building a freemium grammar checker to help students, writers and people who want to make a good impression on social media or email. Now they’re raising $110 million from General Catalyst, IVP and Spark Capital to take their business to the next level.
This is the first venture round for the eight-year-old startup. Investors are betting big because Grammarly has already shown itself to be profitable.
It’s “growing faster than anything we normally see in San Francisco,” said Jules Maltz, general partner at IVP. “We expect this to be a meaningful company in the years to come.”
I first found Grammarly a few years ago, see Write better with Grammarly for an overview, and it’s been an insanely useful tool. Automatic checking when writing emails, new posts in WordPress, and everything in between. Anything on the web that has textarea, Grammarly will check it.
I hope this helps them grow the company and improve the underlying technology even more.
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