WordPress.com raises a wee bit of cash

Filed as News on January 23, 2008 4:09 am

29 Million worth of cash was dumped into the back of Matt Mullenweg and Toni Schneider’s garage by multiple Venture Capital Funds. Speculation has it that Automattic will use the extra cash to expand its feature set to include more social networking, and more paid features to return a sizeable investment to its investors. Pretty impressive for a company that I’ve always viewed as slightly evil with a twist of strong solid resiliency. Time for them to unveil the much needed adsense widget.

Automattic has raised a whopping $29 million in a Series B Round of funding, including a strategic investment from The New York Times Co. True Ventures led the round, which includes previous investors Polaris Ventures and Radar Ventures.

Multiple sources including Gigaom were used on this article. We promise we didn’t hurt any of them.

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  1. By Emil posted on January 28, 2008 at 10:58 pm
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    How many visitors a day on your website is good enough to make decent money on good adsense?

    Reply

  2. By Cash posted on February 4, 2008 at 9:37 am
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    Emil, That will depend on many factors, like design, layout of ad code in relation to the content, What the content is about and many other factors. Demographics also play a factor. i see adsense CTR’s at 20% and above all the time. But also see them at less than 1%.

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  3. By Autoversicherung posted on February 5, 2008 at 10:19 am
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    Great Blog and comments. Thank you

    Reply

  4. By Joe posted on February 7, 2008 at 1:50 pm
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    Hi All, I don’t normally post to forums but I stumbled onto this amazing technology. Selling your products on the internet will never be the same.You have to see this to believe it. It is original, simple, and FREE.

    Reply

  5. By philippine seo posted on June 10, 2008 at 12:49 am
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    Whoa 29 million is a lot of money!

    Reply

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