$13 Billion Writing Assistance Company Grammarly Raised $1 Billion in Revenue-Linked Financing from Venture Capital Firm General Catalyst, Raised $200 Million in 2021 at $13 Billion Valuation, Founded in 2009 by Alex Shevchenko, Max Lytvyn & Dmytro Lider
31st May 2025 | Hong Kong
AI writing assistance company Grammarly ($13 billion valuation) has raised $1 billion in revenue-linked financing from venture capital firm General Catalyst. In 2021, Grammarly had raised $200 million at $13 billion valuation. Grammarly was founded in 2009 by Alex Shevchenko, Max Lytvyn & Dmytro Lider. Profile – Grammarly is the world’s leading AI writing assistance company trusted by over 40 million people and 50,000 organizations every day. From instantly creating a first draft to perfecting every message, Grammarly helps people at 96% of the Fortune 500 get their point across—and get results—without compromising security or privacy. We believe that great writing gets work done. Grammarly’s product offerings—Grammarly Business, Grammarly Premium, Grammarly Free, and Grammarly for Education—work where you do, delivering contextually relevant writing support across over 500,000 apps and websites. Founded in 2009, Grammarly is No. 7 on the Forbes Cloud 100, one of TIME’s 100 Most Influential Companies, one of Fast Company’s Most Innovative Companies in AI, and one of Inc.’s Best Workplaces. Grammarly offers a dynamic hybrid working model. This approach helps foster trust, innovation, and a strong team culture, with the flexibility of working from home, whenever you need focus time. In 2021, the founders of Grammarly Alex Shevchenko and Max Lytvyn became billionaires and becoming the 2nd & 3rd richest people in Ukraine with the company raising $200 million (17/11/21) with a valuation of $13 billion. Both Alex Shevchenko and Max Lytvyn have an estimated net worth of $4 billion each, mostly in Grammarly shares after the fund-raising round. Grammarly was founded in 2009 & based in San Francisco, and is an AI-powered online platform that fixes grammar. The firm has received over $400 million in funding including from Baillie Gifford, funds and accounts managed by BlackRock, General Catalyst and IVP. The richest man in Ukraine is industrial businessman Rinat Akhmetov, who is estimated to have a personal fortune of $7 billion to $8 billion.
“ $13 Billion Writing Assistance Company Grammarly Raised $1 Billion in Revenue-Linked Financing from Venture Capital Firm General Catalyst, Raised $200 Million in 2021 at $13 Billion Valuation, Founded in 2009 by Alex Shevchenko, Max Lytvyn & Dmytro Lider “
Grammarly Ukraine Founders Become Billionaires, Valuation at $13 Billion
26th November 2021 – The founders of Grammarly Alex Shevchenko and Max Lytvyn, had became billionaires and becoming the 2nd & 3rd richest people in Ukraine with the company raising $200 million (17/11/21) with a market valuation of $13 billion. Both Alex Shevchenko and Max Lytvyn have an estimated net worth of $4 billion each, mostly in Grammarly shares after the fund-raising round. Grammarly is founded in 2009 based in San Francisco, and is an AI-powered online platform that fixes grammar. The firm has received over $400 million in funding including from Baillie Gifford, funds and accounts managed by BlackRock, General Catalyst and IVP. The richest man in Ukraine is industrial businessman Rinat Akhmetov, who is estimated to have a personal fortune of $7 billion to $8 billion.
Grammarly
Max Lytvyn, Alex Shevchenko, and Dmytro Lider founded Grammarly in 2009 with the goal of helping people communicate more effectively. Focusing first on supporting students’ grammar and spelling through a subscription-based product, they soon saw the potential of how Grammarly could help in all circumstances — from professional writing to everyday correspondence. Since then, Grammarly has grown the capabilities of our writing assistance to go way beyond grammar and spelling to analyze complex aspects of language and communication.
Today Grammarly offers an intuitive, real-time interface that’s there for people wherever they type through Grammarly for Windows and Mac, our browser extensions, mobile applications, and web editor. A free version of our assistant, introduced in 2015, ensures that anyone who needs to communicate in English has access to essential writing support. For organizations of all sizes, we rolled out our enterprise product to help teams accelerate business results through better communication. Our growth and further investment in cutting-edge language research are helped along by over $400 million in funding from Baillie Gifford, funds and accounts managed by BlackRock, General Catalyst, IVP, and others.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
