Grammarly was founded in 2009 by Alex Shevchenko, Dmytro Lider, and Max Lytvyn. Grammarly has not officially endorsed a plan to participate in an IPO.
Grammarly is a writing tool that uses machine learning to offer suggestions on spelling, grammar, and tone. Per Forge data, Grammarly raised $400 million in funding over 3 rounds. Their latest funding was raised on Nov 17, 2021. Key investors include BlackRock and General Catalyst.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/17/2021 | Series 3 | $100MM | $xx.xx | $13.19B | Baillie Gifford, BlackRock | |
Price per Share
$xx.xx
Shares Outstanding
3,815,059
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Baillie Gifford, BlackRock
|
||||||
10/09/2019 | Series 2 | $92MM | $xx.xx | $2.17B | General Catalyst, IVP, Burst Capital | |
Price per Share
$xx.xx
Shares Outstanding
22,898,673
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
General Catalyst, IVP, Burst Capital
|
||||||
05/08/2017 | Series 1 | $109.72MM | $xx.xx | $548MM | General Catalyst, Breyer Capital, IVP, SignalFire, Spark Capital | |
Price per Share
$xx.xx
Shares Outstanding
102,218,478
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
General Catalyst, Breyer Capital, IVP, SignalFire, Spark Capital
|