Why Nostr? What is Njump?
2025-05-30 00:42:27

Layer3.news on Nostr: feeds.feedburner.com_1 GRAMMARLY SECURES $1B IN NON-DILUTIVE FUNDING FROM GENERAL ...


GRAMMARLY SECURES $1B IN NON-DILUTIVE FUNDING FROM GENERAL CATALYST


--
✍️ Grammarly, a 14-year-old writing assistant startup, has secured a $1 billion commitment from General Catalyst to fund its sales and marketing efforts.
--
👉 Grammarly secures a $1 billion commitment from General Catalyst
👉 Funds will be used for sales and marketing efforts
👉 Existing capital will be freed up for strategic acquisitions
👉 General Catalyst will not receive an equity stake in the company

--
#business
--


Grammarly has secured a $1 billion commitment from General Catalyst. The 14-year-old writing assistant startup will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. Unlike a traditional venture round, General Catalyst will not receive an equity stake in the company in return for the investment. […]
https://techcrunch.com/2025/05/29/grammarly-secures-1b-in-non-dilutive-funding-from-general-catalyst/

Author Public Key
npub1mcdtm5cjw7y2kw0mda2cyvcx0470ql5pv4vcwwxf534felee0xsqxkrx7g