Automattic Raises $29M Series B Round
By: Robert W. Price
Company Behind WordPress Raises More Money
Automattic’s Series B round of financing with co-investors Polaris Ventures and Radar Partners, as well as new strategic investor The New York Times Company.
True Ventures seed funded the initial round of $1M with Polaris and Radar, and the Series B round will enable additional product development to build a more exciting platform for the WordPress global community. With 2.2 million blogs hosted on WordPress and over 100 million global uniques, Toni notes that Automattic is now larger than Facebook and Wikipedia. The Global Entrepreneurship Institute uses WordPress.
>>Read More at Wall Street Journal
>>True Ventures: First Round Investor at WordPress
Review the other companies that have received an investment from True Ventures.
>>True Ventures: Portfolio of Companies
__________________________
Dream It! Plan It! Do It!
Robert W. Price
Executive Director
Global Entrepreneurship Institute
>>Contact Robert
>>About Robert
>>Follow Robert On Twitter
__________________________