Wednesday, March 16, 2016

Couchbase Takes $30 Million in Down Round Despite Customer Gains - Digits - WSJ

The latest endangered species: NoSQL unicorns

"He also declined to comment on Couchbase’s revenue or valuation. Couchbase’s valuation has dropped since its last round, according to documents filed with the funding–its share price is down to $4.64, a 41% drop from its last round in June 2014, according to industry tracker PitchBook Data. It is slightly above August 2013 levels.

The valuation decline comes despite the company’s disclosure that it has seen a 30% uptick in paying customers since last year.

Competitor MongoDB Inc. was valued privately in December 2014 at $1.6 billion but has also had shares written down, according to The Wall Street Journal’s Startup Stock Tracker–since the fourth quarter of 2013 MongoDB’s shares are down an average of 30.38%, although the company is reported to have doubled revenue last year to about $100 million."
Couchbase Takes $30 Million in Down Round Despite Customer Gains - Digits - WSJ
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