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- Grammarly
Grammarly Revenue, Valuation, Funding & Investors
Grammarly is valued at $13B as of November 2021, a 18.6x multiple on its last reported $700M revenue.
Last Grammarly valuation
$13B
Undisclosed stage · Nov 2021
Last Grammarly funding round
$200M
Undisclosed stage · Nov 2021
Grammarly revenue
$700M
Undisclosed stage · Nov 2021
Key investors in Grammarly
General Catalyst
IVP
Spark Capital
BlackRock
SignalFire
Baillie Gifford
About Grammarly
Grammarly is a comprehensive AI-powered writing assistant designed to improve your spelling, grammar, punctuation, and overall tone. It goes beyond a basic spell-checker by offering real-time rewriting, generative AI features (like brainstorming and drafting), and plagiarism detection.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Revenue
$700M (Nov 2021)
Valuation
$13B (Nov 2021)
Grammarly Valuation
Grammarly is currently valued at $13B, based on its undisclosed-stage round in November 2021.
The $200M round was led by Baillie Gifford and BlackRock.
Grammarly's valuation has grown 13x from $1B at its undisclosed-stage round in October 2019 to $13B in November 2021, across 2 priced rounds.
Grammarly valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2021 | Undisclosed stage | $13B | 18.6x |
| Oct 2019 | Undisclosed stage | $1B | - |
Grammarly Revenue
Grammarly's latest recorded revenue is $700M, as of its undisclosed-stage round in November 2021. At a $13B valuation, that implies a 18.6x revenue multiple.
Grammarly revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2021 | $700M | $13B | 18.6x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Grammarly Funding History
Grammarly has raised a total of $400M across 3 funding rounds.
Grammarly's first fundraising round was a $110M undisclosed-stage round in May 2017. The most recent completed round was a $200M undisclosed-stage round in November 2021.
Grammarly funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Undisclosed stage | Baillie Gifford (lead); BlackRock (lead) | $200M | $13B | Grammarly, an AI-powered writing assistant founded in 2009 by Alex Shevchenko, Dmytro Lider, and Max Lytvyn, raised $200 million on November 17, 2021, at a $13 billion post-money valuation in a round led by Baillie Gifford and BlackRock, with participation from General Catalyst, IVP, and others. The funding brought total capital raised to over $400 million across three rounds, including a $110M Series A in 2017 and $90M Series B in 2019 at over $1B valuation. The company, cash flow positive from early days, planned to use proceeds for AI and natural language processing advancements, product innovation, team expansion, and enhancing user trust amid rising remote work demands. Grammarly's core product offers machine learning-based suggestions for spelling, grammar, tone, and personalized communication feedback, serving millions of daily active users, particularly non-native English speakers in regions like India and the Philippines for professional and academic writing. The 2021 round validated its business strength and mission to improve global communication in digitized, remote-first environments, as highlighted by investors like Peter Singlehurst of Baillie Gifford. Subsequent developments include a $1B non-dilutive raise in 2025 preserving the $13B valuation. |
| Oct 2019 | Undisclosed stage | General Catalyst (lead); Sozo Ventures; IVP | $90M | $1B | Grammarly, an AI-powered writing assistant founded in 2009, raised $90 million in an investment round on October 10, 2019, led by General Catalyst with participation from IVP and other investors, bringing total funding to $200 million. The round valued the company at over $1 billion, achieving unicorn status, as confirmed by CEO Brad Hoover to TechCrunch. Grammarly's tools help users improve clarity, engagement, tone, and grammar in writing, serving over 20 million daily active users across personal, educational, and business contexts, including more than 2,000 businesses and institutions. The funding aims to expand Grammarly's AI capabilities for native and non-native English speakers globally, enhance natural language processing, and develop enterprise features for team-based professional writing in distributed work environments. Grammarly operates a freemium model with free basic access and paid Premium and Business subscriptions, generating revenue solely through these upgrades without selling user data. The company has maintained profitability since 2011, bootstrapped initially before its first $110 million round in 2017 also led by General Catalyst and IVP. Grammarly positions itself as creating a new category in digital writing assistants amid rising digital communication demands, facing limited direct competition. Later developments include a 2025 acquisition of Superhuman email client, but this is unrelated to the 2019 VC round queried. |
| May 2017 | Undisclosed stage | General Catalyst (lead); Breyer Capital; IVP; SignalFire; Spark Capital | $110M | - | Grammarly, a writing assistant software offering grammar, spelling, tone, and style suggestions across platforms, raised a $110M Series A funding round in 2017 led by General Catalyst, with participation from IVP, Spark Capital, Breyer Capital, and SignalFire. This round followed earlier funding and positioned Grammarly for expansion amid its growing user base. The 2017 round occurred when Grammarly was establishing dominance in AI-powered writing tools, originally launched in 2009. Grammarly later achieved unicorn status with a $90M Series B in 2019 at over $1B valuation and raised additional growth capital, reaching $301.72M total funding by 2021 at a $13B valuation. Recent developments include surpassing $700M ARR by 2025 with over 40M daily users, acquisition of Superhuman (an email tool with ~$35M annual revenue, previously valued at $825M in 2021), and rebranding efforts toward a broader AI productivity suite under names like Superhuman. |
Who has invested in Grammarly?
8 investors have backed Grammarly across its funding rounds, including General Catalyst, IVP, Spark Capital, BlackRock, SignalFire and Baillie Gifford.
Lead investors include Baillie Gifford, BlackRock and General Catalyst.
Grammarly Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2017 | ||
| 2 | Participant | May 2017 | ||
| 1 | Participant | Oct 2019 | ||
| 1 | Lead | Nov 2021 | ||
| 1 | Participant | May 2017 | ||
| 1 | Participant | May 2017 | ||
This data is available for Pro users. Sign up to see all 8 Grammarly investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Grammarly
Grammarly has acquired 3 companies to date.
Last acquisition by Grammarly was on February 23rd 2026. Grammarly acquired Rows for $60M.
Latest Acquisitions by Grammarly
| Description | Rows is a Barcelona-headquartered web application offering a cloud-based spreadsheet platform that integrates with APIs from services like Google Sheets, Airtable, and Salesforce to automate data workflows, manage datasets, and build custom business tools. | Superhuman is an email productivity tool enhancing Gmail with social insights, snooze functions, and keyboard shortcuts. San Francisco-headquartered since 2015, it prioritizes high-impact messages using AI triage and loads conversations in 0.1 seconds. Users at Fortune 500 firms leverage its command bar for bulk actions and follow-up reminders. | Coda is a Mountain View-based productivity platform merging documents, spreadsheets, and apps into interactive canvases for teams at companies like eBay, Uber, and The New York Times. Users build custom tools with relational tables, automations via Zapier, and AI-assisted pack templates for CRM, project management, and wikis. Supporting real-time collaboration, Coda handles thousands of workspaces worldwide. Launched publicly in 2019 after beta with Slack integration, it scales from personal use to enterprise deployments. |
| HQ Country | |||
| HQ City | Berlin | San Francisco, CA | San Francisco, CA |
| Deal Date | 23 Feb 2026 | 1 Jul 2025 | 17 Dec 2024 |
| Valuation | $60M | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Grammarly acquisitions and their M&A valuation multiples. Start Free Trial | |||
Grammarly Competitors
Grammarly competitors include listed companies like UiPath, Adobe, Salesforce and iFlytek, and private ones like Baseten and Lovable.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.6B | $70M | $7.2B | 3.5x | ||
| Publicly listed | $24B | $9.3B | $100B | 3.9x | ||
| Publicly listed | $42B | $13B | $200B | 5.2x | ||
| Private | $600M | - | $13B | 21.7x | ||
| Private | $500M | - | $13B | 26.6x | ||
| Publicly listed | $4B | $465M | $14B | 3.4x |
Grammarly Public Comps
Grammarly is still privately-owned, but its public comps include iFlytek, Tempus AI, Range Intelligent, Kingsoft Office Software, Dropbox, UiPath, SenseTime Group, Presight AI, Box and Tenable.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4B | $465M | 3.7x | 3.4x | 31.7x | 40.6x | |||
| $1.3B | ($131M) | 12.0x | 10.1x | (116.0x) | 346.0x | |||
| $846M | $803M | 20.7x | 16.0x | 21.9x | 19.7x | |||
| $884M | $307M | 17.1x | 15.0x | 49.3x | 48.1x | |||
| $2.5B | $854M | 4.4x | 4.4x | 12.9x | 9.4x | |||
| $1.6B | $70M | 3.7x | 3.5x | 85.8x | 13.7x | |||
| $748M | ($70M) | 6.9x | 5.8x | (73.5x) | 113.7x | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
This data is available for Pro users. Sign up to see all Grammarly competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Grammarly
| When was Grammarly founded? | Grammarly was founded in 2009. |
| Where is Grammarly headquartered? | Grammarly is headquartered in San Francisco, CA, United States. |
| Is Grammarly publicly listed? | No, Grammarly is a private, VC-backed company. |
| What is Grammarly's valuation? | Grammarly was last valued at $13B in its undisclosed-stage round in November 2021. |
| How much funding has Grammarly raised? | Grammarly has raised $400M across 3 funding rounds. |
| What was Grammarly's last funding round? | Grammarly's last funding round was a $200M undisclosed-stage round in November 2021, led by Baillie Gifford and BlackRock. |
| Who are Grammarly's investors? | Grammarly's investors include General Catalyst, IVP, Sozo Ventures, Baillie Gifford, Breyer Capital, SignalFire, Spark Capital and BlackRock. |
| What is Grammarly's revenue? | Grammarly's latest recorded revenue is $700M (November 2021). |
| What is Grammarly's revenue multiple? | Grammarly's latest valuation implies a 18.6x revenue multiple ($13B valuation on $700M of revenue). |
| Which companies are comparable to Grammarly? | Companies comparable to Grammarly include UiPath, Adobe, Salesforce, Baseten, Lovable and iFlytek. |
| How many companies has Grammarly acquired? | Grammarly has acquired 3 companies, including Rows, Superhuman and Coda. |
| What was the largest acquisition by Grammarly? | The $60M acquisition of Rows in February 2026 is the largest acquisition Grammarly has made to date. |
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