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.
Author: David Krug
David Paul Krug Is an expat living in Mexico who enjoys covering topics like blogging, and new media. He’s a former owner of The Blog Herald. For information check out 219 Marketing.
How many visitors a day on your website is good enough to make decent money on good adsense?
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%.
Great Blog and comments. Thank you
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Whoa 29 million is a lot of money!