Categories: Funding

Automattic Blogs Away with $50M Investment

According to Reuters, Automattic, a company that operates a WordPress blogging service Com, announced a $50 million investment from the Tiger Global hedge fund.

Automatic, Inc. Is a web development company founded in August 2005. Most noticeable for WordPress Com (free blogging service) as well as its contributions to WordPress (open source blogging software) The name of the company is played on its founder’s first name Matt.

Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Automattic/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co

Arpit Jain

Based in Japan and India. Has led to 1 successful fundraise in Japan. Been working the space of Venture Capital and Private Equity for the last 3 years.

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