Drupal software firm Acquia raises another $30M

12 December 2012


Burlington-based Acquia, makers of the open-source software platform Drupal, said today it has completed a $30 million financing round, bringing total investment in the company to $68.5 million.


Led by new investor Growth Capital, the round also included Goldman Sachs and Accolade Partners, as well as all of the company’s current investors, including North Bridge Venture Partners, Sigma Partners and Tenaya Capital.


The new funding will enable Acquia to accelerate its sales and marketing efforts, and continue its international expansion across Europe and Asia, the company said.


“Our customers have made it clear that they are unhappy with the status quo on the web and are demanding innovative platforms that give them new freedom to integrate with their existing marketing toolset and increase the productivity of their digital teams,” Acquia CEO Tom Erickson said in a statement. “We are delighted to have the participation of an elite group of investors as Acquia disrupts the market for content, community and commerce solutions, enabling multinational brands to achieve a newfound agility and set the pace with the fast-moving social, and increasingly mobile, web.


Jose Suarez from Investor Growth Capital has also joined Acquia’s board of directors.


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