Automattic, the New York Times and CNET-backed operator of online blogging platform Wordpress, has now raised more than $190m, and is set to increase the round in a second close.
Automattic, the US-based company that owns blogging platform WordPress, has raised a $160m series C round at a $1.16bn valuation, according to a blog post from CEO Matt Mullenweg.
Private equity firm Insight Venture Partners led the round, which also included Lowercase Capital founder Chris Sacca and a special vehicle that earlier investor True Ventures formed to increase its investment, as well as Tiger Global Management and Iconiq Capital, both of which made secondary investments in Automattic in 2013.
The…