Slator - Language Industry News

Known as much for its flagship write-assist offering as for ubiquitous advertising, the  Grammarly  Editor platform raised USD 1bn from  General Catalyst ‘s Customer Value Fund. The funds will operate like a loan or credit line with capped returns tied to revenue, rather than an equity stake. The financing,  announced  on X on May 29, 2025, by the company’s current CEO, Shishir Mehrotra, is structured in a way that allows General Catalyst to increase their investment in Grammarly without diluting ownership by issuing new shares to other investors — according to  Reuters . The Reuters article also said the capital is intended to support and accelerate Grammarly’s growth through increased spending on sales, marketing, and strategic acquisitions. The investment is also expected to allow 16-year-old Grammarly to reallocate funds towards product development, particularly expanding its AI-driven offerings with communication-centric tools and integrated external a...

Stoquart, an language services provider  based in Belgium, has acquired Brussels-based ETC Europe, which holds the status of being a translation agency accredited by the European Union and other governmental and international organizations. The transaction was closed on 24 October 2024 after Stoquart's takeover of French competitor Version Internationale in 2023 . The founding managing director of Stoquart Translation Services, Dimitri Stoquart, found contact person ETC Europe General Manager Angelina Janssen due to meetings with the Belgian Association of Translation Companies or BQTA. He stated that Janssen suggested Stoquart form a consortium with ETC Europe and another language service provider, VerbiVis, to respond to the European Commission's TRAD23 RFP . This resulted in Stoquart achieving second place for English-French translation. In 2024, he mentioned that Janssen wanted to step back and suggested that Stoquart assume control of ETC Europe. Before the acquisition, ...