Acquia, a Drupal cloud hosting company providing services to companies such as Mercedes-Benz, Warner Music, NBC Sports Digital, Intel Corporation, and Puma, has closed a $50 million financing round, bringing total investment in the company to $118.6 million.
With the new funding, Acquia will scale its sales and marketing, increase investments in the channel, and double down on key growth areas including big data marketing, personalized engagement, and commerce.
“Digital isn’t just about marketing; it is the core of modern business, disrupting everything – commerce, campaigns, customer service, employee engagement, civic engagement and more,” said Acquia CEO Tom Erickson. “Acquia is powering this disruption for enterprise organizations, creating an enormous opportunity to accelerate our momentum. With this new funding, we’re helping our customers maximize their business impact with our open cloud hosting platform for integrated digital experiences.”
Led by new investor New Enterprise Associates (NEA), the round includes new investor Split Rock Partners as well as existing investors North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital. Ravi Viswanathan, general partner at NEA, will join Acquia’s Board of Directors.