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Automattic raises $288m, WooCommerce growth continues

Automattic raised $288m at a $7.5bn valuation earlier this year, a valuation much helped by the growth of WooCommerce, which has received tailwinds during the pandemic.

This new investment gave Automattic the opportunity for a $250m share buy-back, giving employees, past-employees, advisors and investors the ability to sell some of their equity.

Automattic team in Whistler 2016.