Tiger Global (Tiger Global) private equity investment fund additional investments in the company for Automattic, amounted to $ 60 million. Automattic the company introduced the famous WordPress.com blog service. Tiger Global The so-called secondary market through the acquisition of Automattic company shares worth $ 60 million. In addition, another investment company ICONIQ capital, but also from the secondary market to buy a $ 15 million of the Company’s shares Automattic. The two companies buy shares from Polaris Partners Company.
In May this year, Tiger Global has Automattic company conducted a $ 50 million investment. Tiger Global’s valuation of the transaction price is 25% higher than in May.Automattic investment company declined to comment, particularly in relation to the valuation issues. Tiger Global recently been very active in the market. Earlier this year the company has also invested online ticketing venture Eventbrite.
Automattic company was founded in August 2005 focused on Web development. Its best-known business is WordPress.com (a free blog service), it is open source blog software WordPress main code contributors. The company’s name comes from its founder Matthew Mullenweg.