Drupal Enterprise Company Acquia Raises $30 Million

Posted Nov 29, 2012

Acquia is a company that is known for providing products, services, and technical support to enterprise users of Drupal.  Acquia has raised $30 million in funding led by Investor Growth Capital. Goldman Sachs and Accolade Partners also participated in this round.  Previous investors that joined include North Bridge Venture Partners, Sigma Partners and Tenaya Capital.  Acquia has raised a total of $68.5 million in funding.  Jose Suarez of Investor Growth Capital has joined Acquia?s board of directors after the funding.

Acquia’s revenues has nearly doubled year-over-year through September.  Their compound annual growth rate (CAGR) is 250% over the past three years.

?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. 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,? stated Acquia CEO Tom Erickson.