Couchbase

History

2021: Access to the Nasdaq exchange - capitalization $1.2 billion

At the end of July 2021, Couchbase entered the Nasdaq exchange. On the first day of trading, the company's shares rose 23%, as a result of which the market capitalization of the DBMS developer amounted to almost $1.2 billion. The company raised $200 million during an IPO, selling 8.34 million shares at a price of $29.60. Couchbase was supported by investors such as GPI Capital, North Bridge Venture Partners and Accel. Morgan Stanley and Goldman Sachs acted as lead underwriters for the offer.

The software provided by Couchbase helps companies manage their databases in web applications and mobile applications through the NoSQL Cloud Database Service. The company provides a multi-service database NoSQL Couchbase Server, a NoSQL database for Couchbase Mobile mobile and peripheral devices, and a database for managing Couchbase Cloud in cloud environments.

The developer of the Couchbase DBMS entered the exchange

At the beginning of the second quarter of FY 2021, the company had 549 customers from more than 50 countries, including more than 30% from the Fortune 100 list. Among Couchbase customers are American Greeting, Avis, Carnival, Dominos, Experian, Intuit, Takeda Pharmaceutical, USAA, Comcast and eBay. At the same time, the number of customers with an investment efficiency factor of more than $1 million increased from January 16 to January 31, 2020 to 23 as of January 31, 2021.

In general, Couchbase raised $294 million from investors. According to PitchBook, the last time the company raised $105 million with an estimate of $580 million in May 2020. The shareholders of the company were Accel, North Bridge, GPI Capital Gemini HoldCo LP, SCP Couchbase Acquisition, Mayfield XIII and Adams Street.

The company itself estimated its potential NoSQL market at $42.9 billion in 2020 with a projected growth of $62.2 billion by 2024.^[1]

Notes