Tiger Global Management has led a $75 million purchase of Automattic’s stock. Tiger Global’s purchase was mostly in the form of a buy from existing Automattic venture capital investor Polaris Partners.
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Polaris Partners Posts
Formspring is a question and answer service that will be shutting down. Formspring wrote in a blog post that their ability to maintain a level of resources needed to keep the company up-and-running is too high now. Users will be able to post questions on the service until March 31st. People that want to export their data from the website has until April 15th.
JIBE is a mobile job applications startup company that has raised $10 millin in Series B funding led by Longworth Venture Partners. Existing investors like Polaris Partners, Lerer Ventures, DFJ, DFJ Gotham, and Thrive Capital have joined this round also. JIBE used to be known as a company called localbacon.