Tuesday, October 30, 2018

DreamHost Gets $18M In Credit Facility

Los Angeles-based web hosting and managed services provider DreamHost announced on Tuesday morning that it has raised $18M via a credit facility with J.P. Morgan. According to the company, the credit line will help it free up capital for reinvestment into its WordPress hosting services area. Terms of the credit line were not announced. DreamHost says it now offers up hosting to 400,000 businesses, developers, and content creators. The company was founded in 1997.