Acquia Closes $30 Million In Funding

Published: December 3, 2012

Drupal cloud hosting provider, Acquia, recently announced the company has completed a $30 million financing round. The investment, led by Investor Growth Capital, brings the total investment in the company to $68.5 million.

Participants in the funding round include Goldman Sachs, Accolade Partners and current investors North Bridge Venture Partners, Sigma Partners and Tenaya Capital. In addition, Jose Suarez of Investor Growth Capital has joined the Board of Directors at Acquia.

This financing round will enable Acquia to “accelerate its sales and marketing efforts, and continue its international expansion across Europe and Asia Pacific,” according to a company press release. The funding will also amplify Acquia’s efforts to bring unified content, community and commerce solutions to market, helping digital marketing and IT organizations create and deploy content-rich, multi-channel web experiences.

“Our customers have made it clear that they are unhappy with the status quo on the web and are demanding innovative platforms that give them new freedom to integrate with their existing marketing toolset and increase the productivity of their digital teams,” said Tom Erickson, CEO of Acquia.

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“We are delighted to have the participation of an elite group of investors as Acquia disrupts the market for content, community and commerce solutions, enabling multinational brands to achieve a new-found agility and set the pace with the fast moving social, and increasingly mobile, web.”

In 2012, Acquia’s global partner program added more than 150 new partners with nearly 550 partners in total, and the company has added more than 100 employees within the past 12 months, including an expansion of Acquia’s Asia Pacific presence in Australia.

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