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.

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What is Grammarly's ticker symbol?

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.

What is Grammarly's stock price?

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).

Who are Grammarly's major investors?

Institutional Venture Partners
Baillie Gifford
Founders Circle Capital
BlackRock
SignalFire
Breyer Capital
Sozo Ventures
Sax Capital

Grammarly Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
11/17/2021 Series 3 $100MM raised $XXX.XX $XXX.XX
10/9/2019 Series 2 $92MM raised $XXX.XX $XXX.XX
5/8/2017 Series 1 $109.72MM raised $XXX.XX $XXX.XX
Based on primary financings
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What is Grammarly funding to date?

Grammarly has raised $301.72MM to date.
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When was Grammarly founded?

Grammarly was founded in 2009.
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Can you invest in Grammarly?

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Is Grammarly a publicly traded company?

Grammarly is a private company and not publicly traded.

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Updated on: Jan 30, 2023