Total amount raised
$173.5 Millions
Latest funding date
09/01/2015
Location
Title
Acquia has successfully raised significant funding across multiple rounds, establishing itself as a key player in the digital experience platform market. The company offers a comprehensive suite of products built on the Drupal open-source CMS, catering to diverse industry needs.
Keep reading to delve into the details of Acquia's fundraising journey and the investors who have supported its growth.
What Is Acquia?
Acquia, founded in 2007, is headquartered in Boston, Massachusetts. The company was established by Dries Buytaert and Jay Batson. Acquia employs over 1,000 people globally.
Acquia provides a digital experience platform built on the Drupal open-source CMS. Their offerings include cloud hosting, digital asset management, and customer data platforms.
With a focus on helping organizations manage and optimize digital experiences, Acquia's solutions drive greater marketing ROI and customer engagement.
How Much Funding Has Acquia Raised?
- Funding Round: Series C
- Amount Raised: $8.5 million
- Date: November 1, 2010
- Lead Investors: North Bridge Venture Partners, Sigma Partners, and Acquia's CEO Tom Erickson
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand operations in the United States and Europe, and accelerate investments in SaaS and PaaS offerings for Drupal.
- Funding Round: $30 Million Financing Round
- Amount Raised: $30 million
- Date: November 29, 2012
- Lead Investors: Investor Growth Capital, Goldman Sachs, Accolade Partners, North Bridge Venture Partners, Sigma Partners, Tenaya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Accelerate sales and marketing efforts, continue international expansion across Europe and Asia Pacific, and bring unified content, community, and commerce solutions to market.
- Funding Round: $50 Million Round
- Amount Raised: $50 million
- Date: May 27, 2014
- Lead Investors: New Enterprise Associates (NEA)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Scale sales and marketing, increase investments in the channel, and focus on key growth areas including big data marketing, personalized engagement, and commerce.
Total Amount Raised: $88.5 million. Current Valuation: Not publicly disclosed.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies. Ravi Viswanathan, a general partner at NEA, joined Acquia’s Board of Directors.
- Investment Focus Areas: Technology, healthcare, enterprise software
- Notable Investments: Coursera, Duolingo, Robinhood
- North Bridge Venture Partners
- Details: North Bridge Venture Partners is a venture capital firm that focuses on early-stage investments in technology companies. They have been an existing investor in Acquia.
- Investment Focus Areas: Software, communications, infrastructure
- Notable Investments: Actifio, Dyn, Demandware
- Investor Growth Capital
- Details: Investor Growth Capital is a venture capital firm that focuses on growth-stage technology and healthcare companies. Jose Suarez from Investor Growth Capital joined Acquia’s Board of Directors.
- Investment Focus Areas: Technology, healthcare, digital marketing
- Notable Investments: Mindbody, Sitecore, Klarna
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They participated in Acquia's financing rounds.
- Investment Focus Areas: Technology, finance, healthcare
- Notable Investments: Uber, Spotify, Dropbox
- Sigma Partners
- Details: Sigma Partners is a venture capital firm that invests in early-stage technology companies. They have been an existing investor in Acquia.
- Investment Focus Areas: Software, IT infrastructure, communications
- Notable Investments: EqualLogic, Fortify Software, Responsys
What's Next for Acquia?
Acquia stands at the cusp of significant growth opportunities, driven by the increasing demand for digital transformation across industries. The company is poised to capitalize on trends such as big data marketing, personalized engagement, and commerce. With substantial financial backing, Acquia aims to scale its sales and marketing efforts, expand internationally, and enhance its product offerings. The potential for growth is immense, particularly in sectors like healthcare, government, and retail.
Future fundraising opportunities appear promising, given the strong investor interest and Acquia's consistent revenue growth. The company may seek additional rounds of financing to further accelerate its expansion and innovation. However, challenges such as maintaining its growth trajectory, staying competitive in the rapidly evolving digital experience platform market, and managing a global workforce could pose hurdles. Navigating these challenges will be crucial for Acquia as it continues to disrupt the digital landscape.
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