Grammarly valued at $13 billion as new investments come from BlackRock and Ballie Gifford


Grammarly Inc. said Thursday it drew in $200 million in fresh funding from BlackRock Inc. BLK, -1.83%, Baillie Gifford and others in a deal that values the San Francisco writing software company at $13 billion. “We’re delighted to partner with the team at Grammarly to democratize effective communication,” said Peter Singlehurst, head of private companies at Baillie Gifford. Grammarly said it remains profitable and has been cash-flow positive since soon after inception in 2009.

This article was originally published by Read the original article here.

Previous article: Alibaba stock falls after earnings come up short
Next articlePhiladelphia Fed’s regional manufacturing index surges in October


Please enter your comment!
Please enter your name here