Tuesday, December 6, 2022

Grammarly becomes most expensive Ukrainian tech startup with $13 billion valuation

by Daryna AntoniukNovember 18, 2021 11:33 pm
Share
(Courtesy of Grammarly)

This represents a sixfold increase from its $2.1 billion valuation in 2019, the startup announced on Nov. 18. In its latest round of funding, Grammarly attracted $200 million from investment firm Baillie Gifford, venture firm General Catalyst and accounts managed by investment manager BlackRock.

Grammarly uses machine learning to improve people’s writing. Its service can check the spelling, grammar, tone, and consistency of any piece of text. The service will be natively integrated into Samsung mobile devices, the startup announced in October.

Grammarly wants to use the latest investments to hire more staff and develop new features for its product. The company now employs 645 people in San Francisco, Vancouver and Kyiv.

Daryna Antoniuk
Daryna Antoniuk
Tech reporter

Daryna Antoniuk is a tech reporter at the Kyiv Independent. She worked in the same role at the Kyiv Post and has focused on Ukrainian startups, investment and the fintech market. Antoniuk previously was a tech reporter for Forbes Ukraine. Her work has also been published at Sifted and The Record. She graduated from Taras Shevchenko National University in Kyiv with BA in journalism and communications.

Tags: Grammarly
Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.