<ul><li>Grammarly secures $1 billion in non-dilutive funding from General Catalyst for sales, marketing, and strategic acquisitions.</li><li>Unlike traditional venture rounds, General Catalyst will not receive an equity stake but will be repaid along with a capped percentage of revenue generated.</li><li>The funding comes from General Catalyst's Customer Value Fund focused on helping startups with predictable revenue streams grow.</li><li>Grammarly valued at $13 billion in 2021, aims to expand its AI productivity tool following the recent acquisition of Coda.</li></ul>

Grammarly secures $1B in non-dilutive funding from General Catalyst

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