Funding round
Grammarly Series C
Grammarly, which works in AI writing assistance solutions in San Francisco, raised $200M in a Series C round announced on 1 Nov 2021, led by Baillie Gifford and BlackRock, at a $13.00B post-money valuation. 2 firms took part. It is Grammarly's second venture round on record; the one before was a Series A in May 2017.
$200M
Amount raised
$13.00B
Post-money valuation
2
Investors
2 leads
1.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Grammarly at $13.00B after the new money. The $200M bought investors about 1.5% of the company. It came 54 months after Grammarly's Series A. It is 15% of the $1.31B Grammarly has raised in the venture rounds on record. Grammarly raised again 42 months later: a Growth round of $1.00B in May 2025.
Investors
Who put money in
Baillie Gifford and BlackRock led the round.
Lead investors
- Baillie Gifford new investor
- BlackRock 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, working capital and geographic expansion.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
- Geographic expansion
Comparable rounds
How it compares
498 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Nov 2021 | $200M | $1.05B | Bain Capital Tech Opportunities |
| Thought Machine Tech Companies | 29 Nov 2021 | $200M | $1.00B | Nyca Partners |
| Tech Companies | 9 Nov 2021 | $200M | $1.70B | Oak HC/FT |
| Tech Companies | 15 Nov 2021 | $150M | not disclosed | CMC Capital and Goldman Sachs Asset Management |
| Tech Companies | 4 Nov 2021 | $150M | $1.25B | Andreessen Horowitz |
| Tech Companies | 23 Nov 2021 | $130M | not disclosed | FTV Management Company |
| Tech Companies | 16 Nov 2021 | $100M | not disclosed | Altimeter |
| Tech Companies | 18 Nov 2021 | $100M | $800M | Tiger Global |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Grammarly raise in its Series C round?
Grammarly raised $200M in its Series C round, announced in Nov 2021.
Who led Grammarly's Series C round?
Baillie Gifford and BlackRock led it.
What was Grammarly's valuation at the Series C round?
$13.00B post-money.
How does it compare with other Series C rounds in Tech Companies?
498 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median.
Did Grammarly raise again after this round?
Yes: a Growth round in May 2025 of $1.00B.