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Drupal: $50 million invested in Acquia
02/06/2014
The company that supplies products, services and support for the Drupal CMS is closing a financing round worth $50 million. What does it plan to do with that new capital?
Acquia has just raised $50 million in funds, with New Enterprise Associates (NEA) as primary investor, but also Split Rock Partners, alongside the firm’s existing investors, North Bridge Venture Partners, Sigma Partners, Investor Growth Capital and Tenaya Capital, as Acquia announced on its website.
When added to the sums previously invested in the company, this financing brings total investments in the firm to $118.6 million.
The purpose of this round was to increase the company’s sales and marketing budget.
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