Couchbase Acquisition, Valuation, Funding & Investors

Couchbase was acquired by Haveli Investments for $1.5B in June 2025, a 6.9x multiple on $218M of revenue.

Couchbase acquisition price

$1.5B

Acquired by Haveli Investments · Jun 2025

Couchbase revenue at acquisition

$218M

Last twelve months · Jun 2025

Couchbase revenue multiple at acquisition

6.9x

EV/Revenue · Jun 2025

Cumulative funding Couchbase raised

$220M

across 4 funding rounds

Couchbase Overview

About Couchbase

Couchbase is a Mountain View-headquartered NoSQL database platform combining document storage, key-value caching, and SQL querying. Couchbase Server supports JSON documents with N1QL language for analytics and full-text search. It deploys on AWS, Azure, Google Cloud, and on-premises with Capella offering a managed DBaaS. Used by LinkedIn, Cisco, and eBay, Couchbase Capella processes billions of operations daily.


Founded

2009

HQ

United StatesSan Jose, CA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$218M (Jun 2025)

Valuation

$198M (Aug 2013)

Couchbase Acquisition

Couchbase was acquired by Haveli Investments for $1.5B on 20 June 2025.

The acquisition price implies a 6.9x revenue multiple on $218M of revenue.

Before the acquisition Couchbase had raised $220M across 4 funding rounds.

Couchbase acquisition details
AcquirerDateTypePriceEV/Revenue
  • Haveli Investments
20 Jun 2025PE buyout$1.5B6.9x

Couchbase Valuation

Couchbase is currently valued at $198M, based on its Series D in August 2013.

The $25M round was led by Adams Street Partners, with participation from Ignition Partners, Accel, North Bridge Venture Partners & Growth Equity and Mayfield Fund.

Couchbase valuation by funding round

Couchbase valuation by funding round
DateStageValuation
Aug 2013Series D$198M

Couchbase Funding History

Couchbase has raised a total of $220M across 4 funding rounds.

Couchbase's first fundraising round was a $25M Series D in August 2013. The most recent completed round was a $105M Series G in May 2020.

Couchbase funding rounds

Couchbase funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2020Series GGPI Capital (lead); Adams Street Partners; Sorenson Capital; Glynn Capital Management; Accel; North Bridge Venture Partners & Growth Equity; Mayfield Fund$105M-Couchbase is a NoSQL database company founded in 2011 that provides a developer data platform. The company went public via IPO in June 2021 and has been a public company since that time. Available financial records from the SEC S-1 filing show that as of January 31, 2021 (before the IPO), Couchbase had annual recurring revenue of $107.8 million and total revenue of $103.3 million for fiscal 2021.
Mar 2016Series FSorenson Capital (lead); Adams Street Partners; WestSummit Capital; Ignition Partners; Accel; North Bridge Venture Partners & Growth Equity; Mayfield Fund$30M-Couchbase, a provider of NoSQL database technology for the digital economy, secured $30 million in a Series F funding round on March 15, 2016, led by new investor Sorenson Capital, with participation from existing investors Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners, and West Summit Capital. The funds were intended to accelerate sales, expand technical support and engineering, and position the company as the operational database standard for web, mobile, and IoT applications used by customers like AT&T, Walmart, Nike, and Dixons. CEO Bob Wiederhold stated this would take Couchbase to cash flow positive and be its last round before an IPO. Sorenson Capital's investment highlighted its focus on technology growth opportunities, with partner Rob Rueckert joining the board. The round brought Couchbase's total funding to $146 million across multiple rounds since its formation from the merger of Membase and CouchOne. A 451 Research report noted the operational database market was projected to reach nearly $50 billion by 2019, driven by digital economy adoption. Couchbase positioned its database to serve digital startups, leaders, and transformers by consolidating key-value, document, cache, and mobile functionalities for high performance and low latency.
Jun 2014Series EWestSummit Capital (lead); Adams Street Partners; Ignition Partners; Accel; DoCoMo Capital; North Bridge Venture Partners & Growth Equity; Mayfield Fund$60M-Couchbase, Inc., a Mountain View, California-based provider of the most complete NoSQL database, announced a $60 million Series E funding round on June 26, 2014, led by new investors WestSummit Capital and Accel Growth Fund, with participation from all existing venture capital investors including Accel Partners, Adams Street Partners, DoCoMo Capital, Ignition Partners, Mayfield Fund, and North Bridge Venture Partners. This round brought the company's total funding to $115 million. Raymond Yang, co-founder and managing partner at WestSummit, joined the Couchbase board of directors. The funding aims to support Couchbase's growth in the $16.1 billion big data market, including product innovation, expanded regional technical support, and scaling marketing and sales teams for global enterprise adoption of NoSQL and big data initiatives, with a particular focus on APAC expansion leveraging WestSummit’s network. Couchbase has demonstrated strong traction, with sales increasing 400% over the past year, doubling its employee base, adding eight offices worldwide, and securing strategic deals at large enterprise accounts while competing against Oracle and MongoDB. The company recently launched the world’s first mobile NoSQL platform in May 2014, positioning it to capitalize on mobile application development trends and distributed computing demands. Couchbase originated from the 2011 merger of CouchOne and Membase, focusing on scalable database solutions for high simultaneous user loads in modern applications.
Aug 2013Series DAdams Street Partners (lead); Ignition Partners; Accel; North Bridge Venture Partners & Growth Equity; Mayfield Fund$25M$198MCouchbase, developer of a NoSQL database platform combining key-value and document-oriented capabilities for business-critical applications, closed a $25 million Series D funding round on August 28, 2013, led by Adams Street Partners with participation from existing investors Accel Partners, Mayfield Fund, North Bridge Venture Partners, and Ignition Partners. This brought total funding to $56 million at the time. The round occurred at a post-money valuation of $198.18 million, with a price per share of $11.20. Funds were earmarked for product innovation, sales expansion, and opening offices in China, India, Brazil, and Argentina to grow presence in North America, Europe, Israel, Japan, and Korea. The investment came amid strong traction, including a 400% sales increase in 2013 following the Couchbase Server 2.0 release, which secured contracts for mission-critical enterprise deployments. Customers included major enterprises like AOL, Cisco, LinkedIn, Orbitz, and Salesforce.com. Couchbase positioned itself as a leader in NoSQL, supporting initiatives like OpenStack while evolving from its origins as a merge of Memcached and CouchDB. This Series D followed a $14 million Series C in 2011 at $121.36 million post-money valuation and a $10 million Series B in 2010 at $45.11 million. Couchbase continued raising capital post-2013, including later rounds like Series F with Adams Street participation and a $105 million raise in 2020 at over $500 million valuation, before going public.

Who has invested in Couchbase?

10 investors have backed Couchbase across its funding rounds, including Accel, Mayfield Fund, Adams Street Partners, North Bridge Venture Partners & Growth Equity, Ignition Partners and Sorenson Capital.

Lead investors include GPI Capital, Sorenson Capital, WestSummit Capital and Adams Street Partners.


Couchbase Investors

Investors in Couchbase by funding rounds participated
InvestorHQRoundsRoleFirst check
Adams Street PartnersUnited StatesChicago, IL4LeadAug 2013
AccelUnited StatesPalo Alto, CA4ParticipantAug 2013
North Bridge Venture Partners & Growth EquityUnited StatesBoston, MA4ParticipantAug 2013
Mayfield FundUnited StatesUnited States4ParticipantAug 2013
Ignition PartnersUnited StatesSan Francisco, CA3ParticipantAug 2013
WestSummit CapitalUnited StatesSan Francisco, CA2LeadJun 2014
Sorenson CapitalUnited StatesSalt Lake City, UT2LeadMar 2016
GPI CapitalUnited StatesNew York City, NY1LeadMay 2020

This data is available for Pro users. Sign up to see all 10 Couchbase investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Couchbase Competitors

Couchbase competitors include listed companies like TRS Information Technology and Transwarp, and private ones like Airbyte, Matillion, Dt Dream and DataStax.

Public and private companies comparable to Couchbase
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AirbyteUnited StatesSan Francisco, CAPrivate--$1.5B-
MatillionUnited KingdomManchesterPrivate--$1.5B-
Dt DreamChinaHangzhouPrivate--$1.5B-
DataStaxUnited StatesSan Jose, CAPrivate--$1.6B-
TRS Information TechnologyChinaChinaPublicly listed$76M($20M)$1.7B19.7x
TranswarpChinaChinaPublicly listed$67M($31M)$1.9B28.0x

Couchbase Public Comps

Couchbase is no longer listed, but its public comps include TRS Information Technology, Transwarp, Business-intelligence, e-Hualu, BTQ Technologies, Zhongfu Information, Teradata, Datavault AI, Asteria and Airship AI.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Transwarp$67M($31M)27.5x28.0x(59.8x)-
Business-intelligence$389M$54M6.6x5.9x47.7x-
e-Hualu$69M($310M)24.1x-(5.4x)-
BTQ Technologies$226K($18M)1720.6x266.9x(21.8x)-
Zhongfu Information$108M$1M3.4x2.7x359.0x-
Teradata$1.7B$285M1.4x1.5x8.4x5.3x
Datavault AI$39M($49M)4.1x1.1x(3.3x)(7.9x)

This data is available for Pro users. Sign up to see all Couchbase competitors and their valuation data.

Start Free Trial

Common questions about Couchbase

When was Couchbase founded?Couchbase was founded in 2009.
Where is Couchbase headquartered?Couchbase is headquartered in San Jose, CA, United States.
Is Couchbase publicly listed?No, Couchbase was acquired by Haveli Investments in June 2025.
Who acquired Couchbase?Couchbase was acquired by Haveli Investments in June 2025.
How much was Couchbase acquired for?Couchbase was acquired for $1.5B in June 2025, a 6.9x revenue multiple.
What is Couchbase's valuation?Couchbase was last valued at $198M in its Series D in August 2013.
How much funding has Couchbase raised?Couchbase has raised $220M across 4 funding rounds.
What was Couchbase's last funding round?Couchbase's last funding round was a $105M Series G in May 2020, led by GPI Capital.
Who are Couchbase's investors?Couchbase's investors include Adams Street Partners, Accel, North Bridge Venture Partners & Growth Equity, Mayfield Fund, Ignition Partners, WestSummit Capital, Sorenson Capital, GPI Capital, Glynn Capital Management and DoCoMo Capital.
Which companies are comparable to Couchbase?Companies comparable to Couchbase include Airbyte, Matillion, Dt Dream, DataStax, TRS Information Technology and Transwarp.

See companies similar to Couchbase

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial