Funding round
Grammarly Series A
Grammarly, which works in AI writing assistance solutions in San Francisco, raised $110M in a Series A round announced on 8 May 2017, led by General Catalyst. 5 firms took part. It is Grammarly's first venture round on record.
$110M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Grammarly did not disclose a valuation in this round. It is Grammarly's first venture round on record, 8 years after it was founded in 2009. It is 8.4% of the $1.31B Grammarly has raised in the venture rounds on record. Grammarly raised again 54 months later: a Series C round of $200M in Nov 2021, at $13.00B post-money.
Investors
Who put money in
General Catalyst led the round with 4 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Spark Capital backs 234 venture-backed companies new investor
- Breyer Capital backs 85 venture-backed companies new investor
- backs 121 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
621 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 16 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Podium Tech Companies | 9 May 2017 | $32M | not disclosed | Accel |
| Tech Companies | 5 May 2017 | $15M | not disclosed | Greylock Partners |
| Tech Companies | 4 May 2017 | $11M | not disclosed | not named |
| Tech Companies | 10 May 2017 | $10M | not disclosed | Marker Hill Capital |
| Tech Companies | 11 May 2017 | $10M | not disclosed | Atomico and Idinvest |
| Tech Companies | 9 May 2017 | $8.3M | not disclosed | Maverick Ventures |
| Tech Companies | 4 May 2017 | $7.5M | not disclosed | Finistere Ventures and Vertex Ventures |
| Tech Companies | 30 May 2017 | $7.0M | not disclosed | Lightspeed Venture Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Grammarly raise in its Series A round?
Grammarly raised $110M in its Series A round, announced in May 2017.
Who led Grammarly's Series A round?
General Catalyst led it, with Institutional Venture Partners, Spark Capital, Breyer Capital and SignalFire.
What was Grammarly's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
621 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 16 times the median.
Did Grammarly raise again after this round?
Yes: a Series C round in Nov 2021 of $200M at $13.00B post-money.