Drupal Sponsor Acquia Brings in $68.5 Million of Funding [Nov 29, 2012]

Submitted on
Thursday, November 29, 2012
,
Enterprise Apps Today

New round of funding will help build and expand the operations of open source enterprise content management system vendor Acquia.

There is a lot of money backing the open source Drupal content management system (CMS). Acquia, the lead commercial sponsor behind Drupal, today announced its latest round of venture financing. The new E round, worth $30 million, will help the company grow its suite of services and its global footprint for delivering a full-featured CMS.

Acquia has raised $68.5 million in funding since the company was created in 2008. Acquia's first round of financing brought in $7 million and included North Bridge Venture Partners, Sigma Partners and O'Reilly AlphaTech Ventures. The new round adds Investor Growth Capital, Goldman Sachs and Accolade Partners as investors in the open source startup.

"It's a lot of money but we're on a big mission," Drupal founder Dries Buytaert wrote in a blog post. "We believe that Drupal is uniquely positioned to provide a single, unified platform for content, community and commerce applications."

News Type: