Acquia Looks To 2014 IPO With New $30M Round [Nov 29, 2012]

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Thursday, November 29, 2012

Acquia, a startup that provides services on top of the open source Drupal web platform, has raised $30 million as it looks towards a 2014 initial public offering.

The round was led by Europe-based late stage private equity firm Investor Growth Capital, with new investors Goldman Sachs and Accolade Partners (which is a limited partner in venture funds), along with existing investors Northbridge Venture Partners, Sigma Partners and Tenaya Capital. Acquia plans to use the funding to expand sales and marketing and expand in Europe and Asia.

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