Couchbase, a US-based database technology developer backed by mobile network operator NTT Docomo, closed a $105m series G round yesterday led by investment firm GPI Capital.
The oversubscribed round also included Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, Adams Street Partners and Mayfield Fund.
Founded in 2009 as Northscale, Couchbase has developed a database software platform that can be installed in any cloud. It is aimed at large-scale applications such as internet-of-things data management, fraud detection and payment processing.
The technology is used by more than 500 enterprise clients, ranging from online auction portal eBay, airline Ryanair and mass media group Comcast to hotel chain Marriott, clothing brand Tommy Hilfiger and academic publisher McGraw Hill Education.
The funding will enable the company to expand product development and bolster its go-to-market capabilities internationally. GPI Capital partner Alex Migon is joining its board of directors in conjunction with the round.
Couchbase has raised $250m in funding altogether, having received $30m in a 2016 series F round. It had expected that deal to be its last round before it launched an initial public offering, but has since changed plans.
The series F round was led by Sorenson Capital and also featured Accel, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners and WestSummit Capital.
NTT Docomo vehicle Docomo Capital took part in a $60m series E round for Couchbase in 2014 that was co-led by Accel’s Growth Fund and WestSummit and which included Adams Street Partners, Ignition Partners, North Bridge and another Accel fund.
The company had previously secured $15m in series C funding from Docomo Capital, Ignition Partners, Accel, Mayfield and North Bridge in 2011.
