In a blog post this morning Matt Mullenweg, one of the founders of WordPress, shares that Tiger Global has invested over $50M in his company, Automattic.
This isn’t a new capital round or series round – rather, it’s based on secondary stock purchases so that earlier investors can “lock in some returns” which releases pressure for a much larger liquidity event.
Tiger Global joins the likes of Polaris Partners, True Ventures, Radar Partners, and the New York Times Company all who have stake in the growing company. As Toni Schneider shares in his blog post, Tiger isn’t a small player (although a more “behind the scenes” type one):
It’s noteworthy that Tiger has recently invested in companies like SurveyMonkey and Eventbrite, and before that companies like LinkedIn and Facebook.
This is great news for the company and is poised to grow even more this year as they’ve stated that they are in a big hiring season before (join them today?!). I’ve shared previously my 10 reasons why Automattic is a model startup and I still believe it’s doing a great job.
Congrats to Matt and Toni as they continue to strive and make the world a better place to work, live, play, and blog! What perfect timing to celebrate 10 great years!