Over the years, I've used a variety of blogging platforms. So far, my favorite is WordPress, which is the mastermind of Automattic.
Today there's some good news for WordPress users -- the company snagged $29.5 million in a round of financing. The investors include Polaris Venture Partners, True Ventures, Radar Partners and the New York Times (NYSE: NYT).
And yes, the founding developer of WordPress, Matthew Mullenweg, has a blog post about the funding and the company's history. Keep in mind that there have been more than 5.8 million downloads of the software, with over 3.8 million in 2007. With such a base, the company has been generating a good amount of revenues (and now has about 18 full-time employees).
Writes Matt: "Automattic is now positioned to execute on our vision of a better web not just in blogging, but expanding our investment in anti-spam, identity, wikis, forums, and more -- small, open-source pieces, loosely joined with the same approach and philosophy that has brought us this far."
If you want to see other interesting venture capital investments, visit DealProfiles.com.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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Reader Comments (Page 1 of 1)
1-24-2008 @ 6:58AM
INconstantIN said...
This is great news for the WordPress users! Unfortunately, I am not one of them, not yet, but I'm planning to become one as soon as possible!
3-19-2008 @ 2:40PM
John said...
While reading this article, and I was struck that it probably was relevant to a social networking site, HumanBook, which has over 250 million profiles of people, including you, your friends, classmates and relatives.
The HumanBook is a mutually managed people directory. People list their own real-life connections, and other connections they have awareness of, to create a lifelong network. The network houses the connections, and then the collaboratively updated address book nurtures them, assuring that they need never be lost. HumanBook is the tool that will allow you to cherish and sustain all of the connections of your whole life. So if you're interested, go to http://www.HumanBook.com and find your profile today!