What is Automattic?
Automattic is a software development firm best recognized for its ownership and operation of WordPress.com, a leading platform for website creation and management. The company provides a comprehensive suite of cloud-based solutions designed to empower individuals and organizations worldwide to build, manage, and scale their online presence. Its offerings span website development, content management, and digital commerce, facilitating publishing, collaboration, and e-commerce across diverse markets and devices. Automattic's core mission revolves around making the web more accessible and democratizing the ability to publish content online.
How much funding has Automattic raised?
Automattic has raised a total of $934.3M across 7 funding rounds:
Series A
$1.1M
Series B
$29.5M
Other Financing Round
$75M
Series C
$160M
Series D
$300M
Unspecified
$80.7M
Unspecified
$288M
Series A (2005): $1.1M with participation from True Ventures, Polaris Partners, and Blacksmith Capital
Series B (2008): $29.5M led by True Ventures, Radar Partners, The New York Times Company, and Polaris Partners
Other Financing Round (2013): $75M supported by ICONIQ Capital
Series C (2014): $160M featuring Iconiq Capital, Insight Venture Partners, and True Ventures
Series D (2019): $300M backed by Salesforce Ventures
Unspecified (2019): $80.7M, investors not publicly disclosed
Unspecified (2021): $288M led by Schonfeld, Alta Park, BlackRock, and Wellington
Key Investors in Automattic
Salesforce Ventures
Salesforce Ventures is the venture capital arm of Salesforce, a global leader in customer relationship management (CRM) software. They specialize in investing in enterprise cloud companies, focusing on solutions that enhance customer engagement and business operations.
True Ventures
True Ventures is a founder-first venture capital firm that actively supports early-stage technology and artificial intelligence companies. They provide capital, strategic guidance, and community support to help build enduring businesses.
Polaris Partners
Polaris Partners is a venture capital firm with a focus on backing transformational companies, particularly in the biotech and healthcare sectors. They offer coaching, advice, and resources to entrepreneurs to foster growth and innovation.
What's next for Automattic?
With substantial enterprise-level backing and a recent strategic investment, Automattic is well-positioned for continued expansion and innovation. The company's focus on democratizing publishing and enhancing web accessibility suggests future developments may involve further integration of AI-driven tools, expanded e-commerce capabilities, and enhanced collaboration features for its global user base. The consistent inflow of capital indicates strong investor confidence in Automattic's business model and its potential to shape the future of online content creation and digital commerce.
See full Automattic company page
