Automattic VC Cash

Matt Mullenweg’s little company. Automattic, has raised a small round of funding. Matt explained on his blog why he raised the capital, but did not reveal the names of the investors. Today those details are coming out. The investors include Polaris Ventures, Blacksmith Capital and Doug Mackenzie from Radar Partners. Mike Hirshland from Polaris explains his motivations. Automattic CEO Toni Schneider gives his side of the story.