WP Engine secures $23m to fuel global expansion
North Bridge Growth Equity double initial investment in Series C round of WordPress content management company
Content management platform WP Engine has secured a $23m funding round after North Bridge Growth Equity doubled its initial investment, taking the platform’s total investment to $41.2m to date.
Founded in 2010, WP Engine is a content management platform for websites and application built on WordPress. The company aim to deliver a fast and reliable web experience for the thousands of bloggers, marketers and businesses that rely on the it to support their websites.
The platform supports more than 300,000 websites and applications over 128 countries and is headquartered in London, Austin, Texas, San Antonio and San Francisco. WordPress was introduced 12 years ago and is now estimated to power 23% of the web.
The funding will be used to fuel the company’s global growth ambitions, which have already begun with the opening of a new EMEA office in London. It will also accelerate adoption of the platform by consumer brands and for the development of a superior customer experience.
Heather Brunner, CEO of WP Engine, said: “We are thrilled that North Bridge has increased its commitment to WP Engine’s growth and success, and is recognising our ability to quickly scale globally.
“The last year saw amazing growth for WP Engine: we doubled the size of our team, opened our London and San Antonio offices, and launched innovative new products through our Labs.
“This funding will help us maintain that momentum and enhance our ability to invest in customer experience excellence, new innovations and better serve our growing roster of global customers.”
General partner at North Bridge Growth Equity and WP Engine board member, Jim Moran, continued:
“Today, every business and even every individual has the potential to be a media company and WP Engine plays a critical role in enabling this new wave, given that its platform’s performance has exploded over the past year as enterprises benefit from the scalability and dynamism of WordPress.”