San Francisco-based web design company Automattic has secured $300 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 19 and financed by Salesforce Ventures.
According to its Crunchbase profile, "Automattic is the company behind WordPress.com and WordPress.com VIP, the cloud version of WordPress. Automattic hosts and supports all WordPress.com sites, ensuring that there is continuous and strategic development of the software available to its users."
The 14-year-old company has raised seven previous funding rounds, including a $160 million Series C round in 2014.
The round brings total funding raised by San Francisco companies in design over the past month to $335 million, an increase of $146 million from the month before. The local design industry has seen 61 funding rounds over the past year, securing a total of $1.8 billion in venture funding.
In other local funding news, credit cards company Stripe announced a $250 million Series F funding round on Sept. 19, led by General Catalyst.
According to Crunchbase, "Stripe is a global technology company that builds economic infrastructure for the internet. Businesses of every size — from new startups to public companies like Salesforce and Facebook — use the company’s software to accept online payments and run complex global operations."
Founded in 2010, the company has raised 10 previous rounds, including a $100 million Series E round earlier this year.
Meanwhile, same-day delivery company Postmates raised $225 million in private equity funding, announced on Sept. 19. The round was financed by GPI Capital.
From the company's Crunchbase profile: "Postmates is an on-demand logistics provider. With more than 65,000 active Postmates, the company operates the largest on-demand delivery fleet in 44 major U.S. metropolitan markets. Postmates' overall mission is to power local, on-demand logistics focused on fast deliveries from any type of merchant at scale."
Postmates last raised $100 million in Series F funding earlier this year.
Rounding out the city's recent top local funding event, venture capital company CircleUp raised $200 million in debt financing funding, announced on Sept. 20.
From Crunchbase: "CircleUp is an investment platform that harnesses the power of data to provide capital and resources to emerging consumer brands."
The company previously raised $30 million in Series C funding in 2015.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
