Acquia, the enterprise guide to open source social publishing system Drupal, has completed a $30m financing round, bringing total investment in the company to $68.5m.
Led by new investor Investor Growth Capital, the round includes Goldman Sachs and Accolade Partners, as well as all of Acquia’s current investors, North Bridge Venture Partners, Sigma Partners, and Tenaya Capital.
As part of the deal, Jose Suarez from Investor Growth Capital has also joined Acquia’s board of directors.
The new financing round will enable Acquia to accelerate its sales and marketing efforts, and continue its international expansion across Europe and Asia Pacific, it said.
“Investor Growth Capital was drawn to Acquia’s vision to help digital marketing organizations in the Global 2000 harness the innovation and agility of open source Drupal,” said Suarez. “Acquia delivers a compelling combination of enterprise class products, Drupal technical expertise and leadership. We believe the web is changing, and that Acquia is uniquely positioned to help global brands create and manage immersive, multi-channel digital experiences.”
Acquia’s revenue has nearly doubled year on year to 30 September and is growing at 250 per cent CAGR over the past three years,
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