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Database provider Couchbase files for a $100 million IPO

June 21, 2021

Couchbase, which provides NoSQL database technology for application developers, filed on Monday with the SEC to raise up to $100 million.

Couchbase provides a database for enterprise applications, which works in multiple configurations, from cloud to multi- or hybrid-cloud to on-premise environments to the edge, and can be run by the customer or managed by Couchbase itself. The company generates revenue from sales of subscriptions and services related to implementation/configuration and training. Couchbase has 549 customers across more than 50 countries, including over 30% of the Fortune 100.

The Santa Clara, CA-based company was founded in 2008 and booked $108 million in revenue for the 12 months ended April 30, 2021. It plans to list on the Nasdaq under the symbol BASE. Morgan Stanley, Goldman Sachs, Barclays, and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.