funding

Acquia, a startup that commercially develops and distributes open source content management system Drupal, has raised a whopping $8 million in series B funding led by North Bridge Venture Partners with Sigma Partners participating. This bring Acquia’s total funding to $15 million.

Acquia, whose co-founder and CTO Dries Buytaert created the Drupal platform in 2001, tells TechCrunch that the company will use the funding to help create and expand the market for Drupal in the enterprise world. Drupal hopes to expand its existing base of 200 subscription customers.

Show Acquia (news, site) the money, and it'll be nothin' new. The commercialized cure-all for the Drupal publishing system has raised a whopping US$ 8million in their second round of venture capital funding, according to a recent SEC filing.

The sizable chunk of moolah is just an addition to their nest egg, as the company scored US$ 7million back in December, during round one. First time around funders included North Bridge Venture Partners, Sigma Partners and O’Reilly AlphaTech Ventures. Said Dries Buytaert, founder of Drupal and co-founder of Acquia, "The funding allows us to quickly bring together a world-class team, rent office space, buy equipment, etc. Starting a great company is not cheap, especially if you have big dreams and plans."

Acquia Inc. has picked up an $8 million second round of equity financing from existing investors, according to regulatory documents posted Friday by the U.S. Securities and Exchange Commission. The round brings Acquia’s total funding to at least $15 million.

Existing investors Sigma Partners and North Bridge Venture Partners returned to participate in the second round. A third first-round investor, San Francisco-based O’Reilly Alphatech Ventures, did not participate in the second round, according to a company spokeswoman.