Acquia Adds $55M as World Goes Online {Sept. 28, 2015]

Submitted on
Monday, September 28, 2015

By Gregory T. Huang

Let the good times roll in enterprise tech. One of Boston’s fast-rising Internet startups has some more cash to throw around.

Acquia, a Web content management software company, says it has raised $55 million in equity financing, led by new investor Centerview Capital Technology. Its previous investors, including New Enterprise Associates and Split Rock Partners, also participated in the growth round, which brings Acquia’s total funding to roughly $175 million.

Acquia was started in 2007 by Dries Buytaert (pictured above on the right) and Jay Batson. The idea was to build software products and services on top of Drupal, an open-source Web publishing system. The plan seems to be working, though entrepreneurs and their investors always want faster growth—hence the new financing.