Grammarly, now helmed by Shishir Mehrotra and rooted in Indian heritage, has secured a hefty $1 billion in funding—without giving up any equity. The investment comes from long-time backer General Catalyst and represents one of the biggest cash injections into the AI-powered productivity space this year.
This raise follows Grammarly’s recent acquisition of Coda, the collaborative doc platform, signaling a clear push beyond grammar checks and writing suggestions. The company is now eyeing a broader play in workplace tools and enterprise workflows. This particular funding came through General Catalyst’s Customer Value Fund, which zeroes in on expanding real-world market reach.
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Grammarly plans to use the new capital to strengthen its marketing efforts, scale up sales, and explore new acquisitions. Already boasting more than 40 million daily users and generating north of $700 million a year in revenue, Grammarly is steadily transforming into a multi-layered AI platform that stretches across apps, digital assistants, and enterprise systems.
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Mehrotra noted that bringing Coda into the fold has reshaped Grammarly’s identity—from a writing sidekick to an all-in-one productivity platform built for the modern workspace.
