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@ Layer3.news
2025-05-30 00:38:32
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GRAMMARLY SECURES $1B IN NON-DILUTIVE FUNDING FROM GENERAL CATALYST
https://techcrunch.com/wp-content/uploads/2021/11/Grammarly-Abstract.jpg?resize=1200,632
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✍️ Grammarly has secured a $1 billion commitment from General Catalyst to support its sales and marketing efforts.
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👉 Grammarly secured a $1 billion commitment from General Catalyst
👉 The funds will be used for sales and marketing efforts
👉 Existing capital will be used for strategic acquisitions
👉 General Catalyst will not receive an equity stake in Grammarly
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#business
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