Grammarly, one of Ukraine’s most valuable unicorn startups, has raised $1 billion from the Customer Value Fund (CVF) of General Catalyst. According to the company, the funds will be used to scale sales, marketing, and pursue strategic acquisitions aimed at expanding its customer base and product reach.
Grammarly reports that its platform is used by over 40 million people daily, with annual revenue exceeding $700 million.
In January 2025, Grammarly acquired the AI-powered editor Coda. CEO Shishir Mehrotra stated that the collaboration with Coda enhances the company's capabilities in enabling new forms of digital work and communication.
Grammarly was founded in 2009 by three Ukrainians—Alex Shevchenko, Max Lytvyn, and software engineer Dmytro Lider—as a tool for grammar and spell checking. In November 2021, the company raised $200 million at a valuation of $13 billion.
