Burlington startup raises $30M [Dec 2, 2012]

Submitted on
Sunday, December 2, 2012
,
Lowell Sun

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.

News Type: