Grammarly, a startup from Kyiv has just raised $110 million investment money. General catalyst, IVP and Spark Capita became the main investors during the institutional funding round.
The startup was founded by two friends - Max Lytvyn and Alex Shevchenko in 2009. Since then, Grammarly became one of the best grammar checkers and its developer's team has growth to 100 people. $110 million is the record amount of investment money for Ukraine, moreover, it’s the first money from investors in this project ever. Grammarly founders say, they will use this money to help the company grow bigger.
Grammarly - is a service that checks texts for grammar and syntax mistakes using artificial intelligence. It’s possible to use the service both for private and professional communication. Grammarly has nearly $7 million users, most of whom use the service for free. However, there is also a special premium service which includes more options – checking the text’s plagiarism and recommendations how to improve the text's writing style. Grammarly works as an app and as an extension for Google Chrome browser.
Photo credit: grammarly.com