WP Engine Receives $1,200,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1bdc3a26-240c-4ef1-b6aa-3effff6ad072&Preview=1
Date
11/15/2011
Company Name
WP Engine
Mailing Address
701 Brazos St Austin, TX 78701
Company Description
WPEngine offers a WordPress VIP-type experience for smaller-scale websites. The service includes top-notch support, one-click backups, optimization for speed and scalability, and security features that include automatic software upgrades.
Website
http://www.wpengine.com
Transaction Type
Venture Equity
Transaction Amount
$1,200,000
Transaction Round
Undisclosed
Proceeds Purposes
This round of funding towards scaling the product, for recruiting, and to ramp up partner relations with other elite WordPress service providers.
M&A Terms
Venture Investor
Silverton Partners
Venture Investor
Undisclosed