Tiger Global invests $50m in WordPress parent Automattic

Venture Beat 25 May 2013
Blogging service WordPress’s parent company Automattic is getting a $50 million investment from Tiger Global, according to WordPress founder Matt Mullenweg.
The announcement comes from a blog post on Mullenweg’s personal site today, and this comes just days after rival blogging platform/community Tumblr sold to iconic tech giant Yahoo for a whopping $1.2 billion.
Mullenweg notes that the investment comes from a secondary sale led by Tiger Global’s Lee Fixel, meaning Tiger Global purchased shares from early Automattic employees and investors. He also notes that Fixel was one of the “quiet geniuses” that previously invested in successful tech companies such as SurveyMonkey, Facebook, LinkedIn, Palantir, and Square.
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