Tiger Global invests $50 million in Automattic secondary stock


Automattic has been making pretty good money for some time. But in order to help early investors lock in returns, they've partnered with Tiger Global for an $50 million investment of Automattic secondary stock. It's not the same as raising money, according to both the Founder, Matt Mullenweg and CEO, Toni Schneider, who independently blogged about the event.