Digital business startup Acquia snags $50m


techDigital business startup Acquia has secured $50m in a round led by new investor New Enterprise Associates (NEA).

Split Rock Partners also participated in the round alongside existing backers North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital.

Acquia said it will use the funds to invest in sales and marketing.

The company recently reported its 20th consecutive quarter of revenue growth.

NEA general partner Ravi Viswanathan said, “Digital transformation is a boardroom conversation, and has driven the creation of new executive roles like the chief digital officer and chief experience officer.

“Digital requires an entirely different approach that unifies marketing, IT, commerce, and customer service. Acquia sits at the center of the digital transformation happening in the Global 2000.”

Earlier this year NEA invested $37.5m of Series B capital in business process management software provider Appian.

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