Total amount raised
$290.7 Million
Latest funding date
1/1/2018
Location
WP Engine has successfully raised funding over six rounds, with the latest being a Private Equity round led by Silver Lake. The company is backed by a total of ten investors, including North Bridge Venture Partners & Growth Equity.
Keep reading to explore the intricacies of WP Engine's fundraising journey and the investors backing this innovative platform.
What Is WP Engine?
WP Engine is a global web enablement company based in Austin, Texas, specializing in managed WordPress hosting. The company operates in various industries, including blogging platforms, content, enterprise software, information technology, software, web development, and web hosting.
With a workforce of 1001-5000 employees, WP Engine offers premium WordPress products and solutions, focusing on high performance, security, and expert support. The company has made several acquisitions to expand its capabilities and market reach, supporting over 1,500,000 sites worldwide.
How Much Funding Has WP Engine Raised?
- Series A
- Amount Raised: USD 1,010,000
- Date: November 2011
- Lead Investors: Silverton Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of WP Engine's managed WordPress hosting services.
- Series B
- Amount Raised: USD 1,673,694
- Date: September 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's infrastructure and improve service offerings.
- Series B
- Amount Raised: USD 15,000,000
- Date: January 2014
- Lead Investors: North Bridge Venture Partners & Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance the platform's capabilities.
- Series Unknown
- Amount Raised: USD 32,000
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To cover operational costs and minor expansions.
- Series C
- Amount Raised: USD 23,000,000
- Date: March 2015
- Lead Investors: North Bridge Venture Partners & Growth Equity
- Valuation at Round: Just under USD 194,000,000
- Motivation Behind the Round: To support international expansion and further development of the platform.
- Private Equity
- Amount Raised: USD 250,000,000
- Date: January 2018
- Lead Investors: Silver Lake
- Valuation at Round: At least USD 444,000,000
- Motivation Behind the Round: To fuel international growth and continue developing the Digital Experience Platform.
Total Amount Raised: USD 290,715,694. Current Valuation: At least USD 444,000,000.
Key Investors
- Silver Lake
- Details: Silver Lake is a leading global technology investment firm. They have a strong track record of investing in large-scale technology companies.
- Investment Focus Areas: Technology, digital platform businesses
- Notable Investments: Alibaba, Didi Chuxing, SoFi, Tesla
- North Bridge Venture Partners & Growth Equity
- Details: North Bridge Venture Partners & Growth Equity is a growth equity firm. They have been involved in multiple funding rounds for WP Engine.
- Investment Focus Areas: Growth-stage companies
- Notable Investments: Various growth-stage companies
- Silverton Partners
- Details: Silverton Partners is a venture capital firm. They were a lead investor in WP Engine's Series A round.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Various early-stage technology companies
- Automattic
- Details: Automattic is the company behind WordPress. They have invested in WP Engine to support its growth.
- Investment Focus Areas: WordPress, related technologies
- Notable Investments: WordPress and related projects
- GuidePost Growth Equity
- Details: Formerly known as North Bridge, GuidePost Growth Equity is a growth equity firm. They have been a significant investor in WP Engine.
- Investment Focus Areas: Growth-stage companies
- Notable Investments: Various growth-stage companies
What's Next for WP Engine?
WP Engine stands at the cusp of significant growth opportunities, driven by its plans for international expansion and the enhancement of its Digital Experience Platform. With a robust customer base and integration with major cloud services, the company is well-positioned to capitalize on the increasing demand for comprehensive digital solutions.
Future fundraising efforts could see WP Engine attracting further investments, leveraging its strong market position and the backing of notable investors like Silver Lake. This financial support will be crucial as the company navigates the challenges of scaling operations and maintaining high service standards in a competitive market.
However, WP Engine must remain vigilant against potential hurdles, such as competition from other hosting providers and the need to adapt to rapidly evolving technology trends. By focusing on innovation and strategic growth, WP Engine can continue to thrive in the dynamic digital landscape.
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