WordPress: more than $100 million raised for Automattic?

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The company that has significantly contributed to the development and distribution of the open source CMS WordPress is apparently in the midst of a new fund-raising campaign with a target of some $100 to 150 million, which would boost its value to more than $1 billion.

As part of this capital increase, Automattic is reported to be close to obtaining a sum in the neighbourhood of $100-150 million, as printed by Fortune, which reportedly received this information from "multiple sources familiar with the situation."

This financing round would elevate the company's value to more than $1 billion, a figure slightly higher than its valuation as at September 2013, another period during which Automattic raised new funds.


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