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WordPress parent Automattic said to be raising a VC round that values it at $1 billion

Automattic, the San Francisco-based company that is responsible for the WordPress web-publishing and blog-hosting platform — and the associated open-source community — is raising a round of venture capital that could value the company at $1 billion or more, according to a report in Fortune magazine. The financing is said to be in the $100-million to $150-million range. WordPress recently acquired Longreads, a content-sharing community, and has said it wants to get more into content recommendation. Web-publishing competitor Squarespace just closed a financing round of its own that was worth $40 million.

Disclosure: Automattic is backed by True Ventures, a venture capital firm that is an investor in the parent company of Gigaom.

5 Responses to “WordPress parent Automattic said to be raising a VC round that values it at $1 billion”

  1. Commvestor

    Once you understand wordpress and all of its capabilities, it’s the best way to go for setting up an online presence.

  2. Rick Hultz

    I’m completely new to WordPress as of this past year. It’s a remarkable technology and can see it much bigger some day. The possibilities are seemingly endless.