Total amount raised
$306.1 Millions
Latest funding date
March, 2018
Location
MongoDB has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company has garnered support from notable entities such as Prudential Financial and Salesforce.
Continue reading to delve into the details of MongoDB's funding journey and the key investors who believe in its potential.
What Is MongoDB?
Founded in 2007 in New York, MongoDB is a next-generation database company that helps businesses transform their industries by harnessing the power of data. The company specializes in open source, databases, and software development.
MongoDB was founded by Dwight Merriman, Eliot Horowitz, and Kevin Ryan. The platform offers a flexible document data model that maps directly to objects in code, providing high performance and scalability.
With a workforce of 1001-5000 employees, MongoDB continues to innovate, offering products like MongoDB Atlas, a multi-cloud database service, and tools for search, vector search, and stream processing.
How Much Funding Has MongoDB Raised?
- Post-IPO Equity
- Amount Raised: Not specified
- Date: November 14, 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and expansion efforts.
- Post-IPO Debt
- Amount Raised: Not specified
- Date: October 16, 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage financial obligations and optimize capital structure.
- Post-IPO Equity
- Amount Raised: Not specified
- Date: March 6, 2018
- Lead Investors: Salesforce
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand market reach.
- Secondary Market
- Amount Raised: Not specified
- Date: October 11, 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Not specified
- Date: August 18, 2015
- Lead Investors: EquityZen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and development initiatives.
- Series F
- Amount Raised: $80M
- Date: January 9, 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technology offerings.
- Series F
- Amount Raised: $150M
- Date: October 4, 2013
- Lead Investors: T. Rowe Price
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To solidify market position and scale operations.
- Series E
- Amount Raised: $7.6M
- Date: November 14, 2012
- Lead Investors: Intel Capital, Red Hat
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Venture Round
- Amount Raised: Not specified
- Date: September 17, 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive innovation and growth.
- Series E
- Amount Raised: $42M
- Date: May 29, 2012
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product capabilities and market reach.
Total Amount Raised: $279.6M
Current Valuation: $1.2 billion
Key Investors
- Prudential Financial
- Details: Prudential Financial is a global financial services leader, providing insurance, investment management, and other financial products and services. The company operates in over 40 countries and has a strong presence in the U.S. and Asia.
- Investment Focus Areas: Insurance, asset management, retirement services
- Notable Investments: Not publicly disclosed
- Salesforce
- Details: Salesforce is a leading cloud-based software company specializing in customer relationship management (CRM). It offers a suite of enterprise applications focused on customer service, marketing automation, analytics, and application development.
- Investment Focus Areas: Cloud computing, enterprise software, artificial intelligence
- Notable Investments: Slack, Tableau, MuleSoft
- T. Rowe Price
- Details: T. Rowe Price is a global investment management firm offering mutual funds, subadvisory services, and separate account management for individual and institutional investors. The firm is known for its disciplined investment approach and long-term perspective.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Amazon, Microsoft, Alphabet
- Intel Capital
- Details: Intel Capital is the investment arm of Intel Corporation, focusing on technology startups and companies that can drive innovation in the tech industry. It has invested in over 1,500 companies across 57 countries.
- Investment Focus Areas: Artificial intelligence, cloud computing, cybersecurity
- Notable Investments: Cloudera, VMWare, Red Hat
- Red Hat
- Details: Red Hat is a leading provider of open-source software solutions, acquired by IBM in 2019. The company is known for its enterprise operating system, Red Hat Enterprise Linux, and its contributions to the open-source community.
- Investment Focus Areas: Open-source software, cloud computing, enterprise IT
- Notable Investments: Not publicly disclosed
What's Next for MongoDB?
MongoDB stands at the cusp of a significant industry shift, with opportunities to capitalize on the growing demand for modern database management systems. The company is well-positioned to leverage its extensive partner ecosystem and the increasing need for scalable, always-on applications that support diverse data types. With over 2,000 customers, including major players like Amazon and Salesforce, MongoDB's market potential is vast.
Future fundraising efforts seem promising, given the company's history of attracting substantial investments. The recent $80 million funding round underscores investor confidence in MongoDB's growth trajectory. However, the company must navigate challenges such as competition from established database giants and the need to continuously innovate to meet evolving customer demands.
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