MongoDB, a US-listed database developer previously backed by Salesforce and Intel’s corporate venturing units, has set up its own strategic investment fund.
Serge Tanjga, senior vice-president of finance at MongoDB, said MongoDB Ventures would back startups and pair entrepreneurs with executive mentors, support product and go-to-market initiatives, and provide access to partners and customers.
Its initial investments include Apollo GraphQL, an open source and application development provider, and BigID, a data intelligence platform.
Geoff Schmidt, CEO of Apollo GraphQL, said: “The investment will deepen our partnership and drive product innovation, with an initial focus on making it even more seamless for developers to build applications with the Apollo Graph Platform and MongoDB Atlas.”
“Bringing MongoDB Ventures in as a strategic technical investor makes all the sense in the world given MongoDB’s success in building an independent, best-in-class cloud offering,” added Dimitri Sirota, CEOof BigID.
