AAA Acquia banks on $30m

Acquia banks on $30m

Acquia, a US-based open source software provider backed by publisher O’Reilly AlphaTech’s corporate venturing unit, has raised $30m in its series E round including investment bank Goldman Sachs as a new investor.

Also in the round were venture capital firms Investor Growth Capital, which led the round, and peers Accolade Partners, North Bridge Venture Partners, Sigma Partners and Tenaya Capital, which had spun off from investment bank Lehman Brothers.

The company has now raised an aggregate $68.5m from a consortium including O’Reilly AlphaTech Ventures (OATV).

Acquia raised $15m for its series D round in July last year from Northbridge, Sigma and Tenaya, which followed $8.5m in the C round in November 2010 and $8m in July 2009. OATV was part of the $7m A round.

In August, Acquia acquired Mollom, which manages spam on user-generated content pages, for an undisclosed amount.

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