The Ukrainian Startup Grammarly Is Valued At $1 Billion

According to TechCrunch, the Ukrainian startup Grammarly has been recently valued at over $1 billion. The active user base of the startup is 20 million people.

Grammarly’s CEO, Brad Hoover, confirmed the figures in his interview with TechCrunch. Recently, the startup raised $90 million in investment. General Catalyst Fund became the leading investor. The fund also channeled investments into the company back in 2017, at which time Grammarly managed to raise $110 million. Overall, Grammarly raised $200 million in funding for the development of its service.

Hoover also pointed out that the company plans to expand and launch Grammarly on more platforms. As of now, Grammarly can be used through the website, browser extensions, mobile applications and MS Office.

Grammarly was founded in 2009 by Oleksiy Shevchenko, Maksym Lytvyn and Dmytro Leader from Ukraine. Brad Hoover joined the team two years later. Grammarly is an online service used to check English spelling. The tool also produces grammatical and stylistic recommendations to improve the copy.

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I am a freelance writer and marketing enthusiast with a keen interest in emerging technologies, IT landscape and software products that make our world a better place.
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Ira Chopovska

Digital Marketer

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Mallory J.
2 years ago

I haven’t used Grammarly but I can see why people are using it. I’ve noticed that Microsoft Word’s spelling (not its grammar) has really gone downhill. I don’t know if they think they have the market cornered but Word’s spellcheck and grammar (which has always been notoriously poor) have only deteriorated.

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