North Bridge Growth Equity invests $14m in web hoster WP Engine


US web hosting company WP Engine has secured $15m in growth capital investment from North Bridge Growth Equity.

The investment will enable the company to accelerate its platform innovation and “deliver market leading customer experiences”, the company said.

As part of the deal, Matthew Blodgett, a general partner at North Bridge Growth Equity, will join the board of directors.

He said, “We are thrilled to partner with the WP Engine team as they build the next great platform company for the front lines of digital customer interaction. WP Engine has what it takes to win – a powerful vision, strong technology and a seasoned executive team with a track record of success. Together with their clients and the WordPress community, WP Engine is building a new breed of fast, secure, and reliable content management.”

With $3.5bn in capital currently under management North Bridge provide seed-to-growth financing. To date the firm has backed more than 170 companies—including Demandware, Disqus, Dyn, and Quora. The firm recently led a $40m investment in camera maker Lytro.

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