# MongoDB

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mongodb

- Industry: Software
- Headquarters: New York, US
- Website: www.mongodb.com
- Total disclosed funding: $311M
- Latest round: Series F (Dec 10, 2014)
- Investors on record: 12

## About

Based in the US, MongoDB, Inc. offers advanced database solutions, specializing in cloud-based services that empower developers to manage diverse data types efficiently.MongoDB, Inc. is a cloud database service provider founded in 2007 by Dwight Merriman and Elie Hannouch. The company is headquartered in New York, US, and has raised a total of USD 192.00 mn through its IPO in October 2017, which marked its most recent funding round. MongoDB has completed 11 different investment deals to date.MongoDB, Inc. is renowned for its flagship product, MongoDB Atlas, a cloud-based database service that allows developers to manage and scale their applications seamlessly. MongoDB’s core offering is built on a document data model that enables organizations to handle diverse data types, including transactions, rich search capabilities, and generative AI. This flexible model eliminates the constraints of traditional tabular databases, allowing users to store related data within single documents, which enhances performance and reduces computational costs. The platform serves a diverse clientele, including startups, large enterprises, and developers across multiple industries such as finance, healthcare, and retail. MongoDB's products and services are marketed globally, with significant penetration in North America, Europe, and Asia-Pacific regions.MongoDB generates revenue primarily through a subscription-based model associated with its MongoDB Atlas and other database solutions. In the most recent year, the company reported revenues of USD 2,006.44 mn, with an EBITDA of USD -211.73 mn. Clients typically engage in business transactions via tiered pricing plans that accommodate varying needs, allowing for scalable deployments. The company also offers professional services to assist clients in deploying and managing their databases effectively, facilitating a steady revenue stream from both B2B and direct-to-consumer relationships.Following its IPO in October 2017, where MongoDB, Inc. raised USD 192.00 mn, the company aims to enhance its product offerings and expand into new geographic regions. The upcoming new products include advanced features for its cloud database solutions designed to meet the evolving demands of developers and enterprises. Specific plans for expansion focus on increasing its presence in Asia-Pacific and Europe by 2025, leveraging recent funding to support these initiatives and further develop its innovative technology.

## Funding rounds

- Series F, Dec 10, 2014, $80M — New Enterprise Associates, Hong Shan, T Rowe Price, Union Square Ventures, Flybridge Capital Partners, Abu Dhabi Investment Council, Goldman Sachs Asset Management, Altimeter Capital
- Series F, Oct 2, 2013, $150M — New Enterprise Associates, Hong Shan, T Rowe Price, Intel Capital, Fidelity Investments, Salesforce, Inc., Red Hat, Inc., Altimeter Capital
- Series E, Nov 14, 2012, $7.4M — Intel Capital, Red Hat, Inc.
- Series E, May 23, 2012, $42M — New Enterprise Associates, Hong Shan, Union Square Ventures, Flybridge Capital Partners
- Series D, Sep 1, 2011, $20M — Hong Shan, Union Square Ventures, Flybridge Capital Partners
- Series C, Dec 2, 2010, $6.5M — Hong Shan, Union Square Ventures, Flybridge Capital Partners
- Series B, Oct 19, 2009, $3.4M — Union Square Ventures, Flybridge Capital Partners
- Series A, Jul 21, 2008, $1.5M — Union Square Ventures

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series B, Series C, Series D, Series E, Series F
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series B, Series C, Series D, Series E, Series F
- Hong Shan — Series C, Series D, Series E, Series F
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series E, Series F
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series E, Series F
- Red Hat, Inc. — Series E, Series F
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series F
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series F
- Salesforce, Inc. — Series F
- Altimeter Capital (https://capitalatlas.ai/funds/altimeter-capital) — Series F
- Abu Dhabi Investment Council (https://capitalatlas.ai/funds/abu-dhabi-investment-council) — Series F
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series F