Grammarly was founded in 2009 by Alex Shevchenko, Dmytro Lider, and Max Lytvyn. Following a 2021 round of venture capital funding, CEO Brad Hoover told Reuters that the company has no immediate plans to go public.
Grammarly is a writing tool that uses machine learning to offer suggestions on spelling, grammar, tone, and more. Along with its consumer services, the company has launched products aimed specifically at businesses. Grammarly entered into a strategic partnership with Samsung in 2021. The company has raised more than $400 million in venture capital funding from investors such as Baillie Gifford, BlackRock, IVP, and General Catalyst. Following a $200 million raise in 2021, the company was valued at $13 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Grammarly does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Grammarly will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 11/17/2021 | Series 3 | $13.19B | $XXX.XX | $XXX.XX |
| 10/9/2019 | Series 2 | $2.17B | $XXX.XX | $XXX.XX |
| 5/8/2017 | Series 1 | $548MM | $XXX.XX | $XXX.XX |
Grammarly is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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Grammarly is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
