Burlington startup raises $30M [Dec 2, 2012]
BURLINGTON -- Acquia, an open-source software startup, announced last week that it has raised $30 million in new funding to expand its business.
CEO Tom Erickson told Mass High-Tech that the funding round is likely to be the company's last before going public. It was led by new investor Growth Capital and included participation from Goldman Sachs, also a new investor, Acquia officials said in a press release.
Other investors include returnees Accolade Partners, North Bridge Partners, Sigma Partners and Tenaya Capital.
Five-year-old Acquia helps more than 2,500 business customers manage, maintain and monitor their websites using Drupal.