Automattic set to cross t’s on $150m equity round

Apr 17, 2014 • Robert Lavine

New York Times and CNET-backed Automattic is reportedly raising a new equity round sized between $100 and $150m.

Automattic, the US-based internet company best known for blogging platform WordPress, is raising between $100m and $150m in a venture round that would value the company at more than $1bn, Fortune has reported.

Automattic previously secured $29.5m from a 2008 series B round including media company New York Times, Polaris Partners, Radar Partners and True Ventures, and $1.1m from a series A round featuring online media provider CNET Networks, since acquired by CBS.

Investment firms Tiger Global Management and Iconiq…

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