Welcome to WebmasterWorld Guest from

Forum Moderators: rogerd & travelin cat

Message Too Old, No Replies

Automattic, WordPress Developer, Raises $160 Million

3:39 pm on May 5, 2014 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
votes: 309

Automattic, the company behind WordPress.com and other Web publishing tools, has raised $160 million from investors, including Insight Venture Partners, CEO Matt Mullenweg confirmed.

The round values the nine-year-old company at $1.16 billion, after the investment, which is its first since it raised $12 million in 2008.

According to a blog post by Mullenweg, the round was led by Insight Venture Partners, as well as other new investors Chris Sacca and Endurance. In addition, longtime backer True Ventures has created a “special vehicle” to increase its investment and existing secondary investors, Tiger Global Management and Iconiq, also participated.Automattic, WordPress Developer, Raises $160 Million [recode.net]