Grammalley has gained $ 1 billion from General Catalist. The 14 -year -old written assistant startup will use new funds for its sales and marketing efforts, and liberate existing capital for strategic acquisition.
Unlike the traditional venture round, General Catalist will not receive equity shares in the company in exchange for investment. Instead, with a fixed, limited percentage of grammarically, with the use of ordinary catalist funds.
This investment is from the General Catalist’s Customer Value Fund (CVF), a capital pool that helps the start of the late stage with predictions, which especially deploys new funding to expand its business. The CVF’s alternative financing strategy is mainly “loans” capital, which is protected from a company’s repeated income.
For companies like Grammy, this form of financial support is beneficial because it is unusual and does not reset the company’s diagnosis. In 2021, during the height of the Zarp era, Grammalley was worth $ 13 billion. However, according to an company investor, who asked to be anonymous.
Grammalley did not immediately respond to a comment request.
In December, Grammalley acquired the production capacity Startup Koda And appointed his CEO, Sheshir Mehrotra to guide Grammali. The company, which is being developed in the AI ​​Productivity Tool after acquisition, has annual income Million more than 700 million.
General Catalist’s Customer Value Fund has provided funds Approximately 50 companiesInvertik Lemonide and Tele Health Platform RO. The CVF maintains its separate limited partners and was not included in the firm’s recent $ 8 billion investment.
CVF co -head, General Catalist chief Hanchu Hemant Tanja and Prano Singhvi spoke to the Tech Crunch in a long time about the group’s special financial support strategy in the fall.