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

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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 Marketwatch.com. Read the original article here.

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