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Adams Street digs deep for database business Couchbase by backing $25m financing

28 Aug 2013

network dataPrivate equity firm Adams Street Partners has led a $25m Series D funding round for database technology business Couchbase.

Existing investors Accel Partners, Mayfield Fund, Ignition Partners and North Bridge Venture Partners also took part in the fundraise, which follows ‘explosive growth’ from the company this year.

Couchbase said it had increase sales growth by more than four-times since the start of 2013, and planned to use the capital to expand its international sales and marketing.

Adams Street general partner Robin Murray said, “Since the 2.0 release of Couchbase last December Couchbase’s growth has been remarkable.

“The delivery of document database extensions and cross data center replication features together with existing leadership in scalability and performance has allowed them to win big orders at many high profile enterprise accounts and immediately attracted our attention.”

Accel general partner Kevin Efrusy added, “Databases are serious business.  Now that enterprises are rapidly adopting NoSQL, the cute and cuddly starter technologies have become exposed.

“Couchbase is rapidly separating themselves from the rest of the pack through its foundation as a scale architecture, constant innovation, and an ability to deliver the support services enterprises require.”

Last week venture capital firm HighBar Partners led a $10m Series D round for Clustrix, bringing the NewSQL database developer’s fundraising total to $56.5m.

Existing backers Sequoia Capital, US Venture Partners, ATA Ventures and former Cisco executive Don Listwin also participated in the round.

Sequoia, USVP and ATA previously backed the company’s $16.5m Series C round in May.

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