Grammarly Becomes the 10th Most Valuable Startup After Closing Funding Round

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team
Published on November 18, 2021

Grammarly, an information technology startup based in San Francisco, has raised over $200 million in funding to expand its leadership after becoming the 10th most valuable startup in the United States.

Investors like Baillie Gifford and BlackRock participated in the round, bringing Grammarly’s valuation to $13 B after having raised over $400 million in total funding. The capital infusion will allow the startup to invest heavily in product innovation and team growth, allowing it to keep its leadership by offering new features.

Peter Singlehurst, Head of Private Companies at Baillie Gifford, referred to the round by stating:

“We’re delighted to partner with the team at Grammarly to democratize effective communication. As the world has digitized, people communicate more than they ever have—yet it has never been so difficult. Grammarly is one of the few businesses in the world focused on solving this problem. What attracted us is the company’s vision and the team’s ability to drive the product forward to help more people in more situations communicate better. Grammarly’s long-term and ambitious approach also aligns with our approach to investing. We look forward to many years of partnership with Grammarly.”

Grammarly was founded with the mission to provide its users with an easy way to make their written communication efforts more effective. The cross-platform solution developed by the startup makes use of advanced AI to operate as a writing assistant able not only to detect grammar and syntax errors but also to improve engagement and delivery.

Brad Hoover, CEO of Grammarly, said about how the platform:

“By enabling clear and confident communication, Grammarly’s platform helps people excel both personally and professionally. It drives real impact for our users and the ecosystems in which they operate, including businesses. Grammarly’s latest funding round underscores the importance of our mission and the broad need for effective communication.”

Over the past year, Grammarly has experienced continued growth as its user base increased by more than 250% while also seeing improved user satisfaction and efficiency. The startup will also be launching “Grammarly for Developers”, a new desktop application that will open the door to new integrations with third-party software.

By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team

Juan Fajardo is a News Desk Editor at Grit Daily. He is a software developer, tech and blockchain enthusiast, and writer, areas in which he has contributed to several projects. A jack of all trades, he was born in Bogota, Colombia but currently lives in Argentina after having traveled extensively. Always with a new interest in mind and a passion for entrepreneurship, Juan is a news desk editor at Grit Daily where it covers everything related to the startup world.

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