Acquia Lands $30 Million Series E To Scale Out Its Enterprise Drupal Development Platform [Nov 29, 2012]

Submitted on
Thursday, November 29, 2012
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TechCrunch

Acquia, the company that makes a suite of software tools for the open source web development and content management system Drupal, has secured $30 million in a fresh new round of funding.

The round, which serves as Acquia’s Series E, was led by Investor Growth Capital with the participation of Goldman Sachs, Accolade Partners, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital. This brings the total amount invested in the Massachusetts-based Acquia to $68.5 million.

Acquia, which counts Drupal creator Dries Buytaert as its co-founder and CTO, was first formed five years ago in December 2007. Since then, the company has grown to 250 employees and it is well on its way to posting around $44 million in annual revenue this year on some $60 million in bookings.

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