Acquia, a startup that helps big companies build and maintain their Drupal-based websites, just picked up a huge round of funding to scoop up new clients and add even more features to its services.
Today, the company announced in a blog post that it has closed a new round of funding totaling $50 million. Acquia said it will use the new funding for growth is sales and marketing efforts, as well as focus on its big data marketing, personalization, and commerce offerings.
“Digital isn’t just about marketing; it is the core of modern business, disrupting everything – commerce, campaigns, customer service, employee engagement, civic engagement and more. Acquia is powering this disruption for enterprise organizations, creating an enormous opportunity to accelerate our momentum,” said Acquia chief executive Tom Erickson.
“With this new funding, we’re helping our customers maximize their business impact with our open cloud platform for integrated digital experiences,” he said.
It should be noted that when Acquia raised its previous round of funding, in Nov. 2012, chief executive Tom Erickson said it would be its last before filing to go public, obviously not how plans have evolved.
As Drupal is an open source project, other companies such as Adobe, Jive, and Pantheon offer similar services to Acquia’s. Pantheon announced two weeks ago that it has raised $21.5 million in new funding and a goal of “powering 30 percent of the Internet.”
Acquia now counts organizations such as Mercedes-Benz, Warner Music, NBC Sports Digital, Intel, Puma, Lush, Timex, the Peach Corps, and Stanford University among its customers.
Acquia was founded in 2007 and is headquartered in Burlington, Mass. New Enterprise Associates led this round, with Split Rock Partners and existing investors North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital also participating. This round brings Acquia’s total funding to $118.6 million.
- North Bridge Venture Partners
- New Enterprise Associates
- Tenaya Capital
- Investor Growth Capital
- Split Rock Partners
- Sigma Partners
North Bridge invests in exceptional people whose ideas have the potential to disrupt the way we live and work. We provide seed-to-growth financing to help transform those ideas into companies and those companies into market leaders.... read more »
Acquia helps organizations of all sizes build social publishing websites quickly, easily and with a lower total cost of ownership by leveraging Drupal, the open-source social publishing platform that blends content and community. Our p... read more »
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With approximately $11 billion in committed cap... read more »
Tenaya Capital is a leading venture capital firm that invests in mid to late stage venture-backed technology companies. Our firm is managed by a cohesive group of partners that have worked together for over a decade. We are an equal pa... read more »
Investor AB, established in 1916, is the largest industrial holding company in Northern Europe. For almost a century, Investorâ€™s business concept has been to generate solid long-term returns by investing in companies with attrac... read more »
Split Rock Partners invests in leading software, Internet services, and healthcare companies. We invest across all stages of company development, providing capital through flexible investment strategies including primary investments, d... read more »
Sigma Partners invests in exceptional entrepreneurs, and together we make extraordinary things happen. As a pillar of the venture capital industry for more than 25 years, Sigma Partners provides support and strength to entrepreneurs dr... read more »
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