WP Engine Closes $1.2M Series A Venture Financing
Summary
WP Engine, the Austin, TX-based WordPress hosting and security service for bloggers and small businesses, closed its $1.2m Series A venture financing.The round was led by Silverton Partners, with participation from angels including Eric Ries, Loic Le Meur, Dharmesh Shah, Jeremy Benken, Bill Boebel, Rob Walling and others.The company intends to use the funding to further recruit for and scale its product and customer support teams.Led by founder and CEO Jason Cohen, WP Engine leads the managed WordPress hosting segment providing all customers with a managed CDN for static content delivery, full daily backups, a complimentary staging area, and consultation on themes and plugins.In conjunction with the funding, Kip McClanahan, a partner at Silverton, has joined the company’s board of directors.