Acquia, a Burlington, MA-based digital business company, closed a $50m financing round.
The round was led by new investor New Enterprise Associates (NEA), with participation from new investor Split Rock Partners as well as existing investors North Bridge Venture Partners, Sigma Partners, Investor Growth Capital, and Tenaya Capital. In conjunction with the funding, Ravi Viswanathan, general partner at NEA, will join Acquia’s Board of Directors.
The company, which has now raised $118.6m in total, intends to use the funds to scale sales and marketing, increase investments in the channel, and grow in growth areas including big data marketing, personalized engagement, and commerce.
Led by CEO Tom Erickson, Acquia provides enterprises with solutions to build and innovate digital experiences.
– Acquia Commerce Cloud, a secure cloud platform for creating and deploying content-rich, socially enabled shopping experiences at scale.
– Acquia Lift, an optimization platform for marketing teams, and
– Acquia Cloud Site Factory, a digital experience platform that allows organizations to deliver brand, campaign and promotional websites.
The company currently serves Twitter, Mercedes Benz, Warner Music Group, Stanford University and more than 4,000 Global 2000 enterprises, government agencies and NGOs.