10gen, Inc. Receives Series E Investment From New Enterprise Associates, Sequoia Capital, Flybridge Capital Partners, And Others
| Date | Company | Series | Funding Amount |
| May 2012 | 10gen, Inc. | E | $42,000,000 |
| Round Details | |
| Funding Amount | $42,000,000 |
| Investment Type |
|
| Company Age At Funding | 5 years |
| Investor | Investor Type | Investment | Stake Acquired |
| New Enterprise Associates (Lead Investor) | Venture Capital | ||
| Sequoia Capital | Venture Capital | ||
| Flybridge Capital Partners | Private Equity & Venture Capital | ||
| Union Square Ventures | Venture Capital |
| Financials for 10gen, Inc. | Valuation Multiples | ||
| Total Assets | N/A | V / A | |
| Stockholder's Equity | N/A | V / SE | |
| Revenues | N/A | V / R | |
| Net Income (Loss) | N/A | V / E | |
| Cash Flow | N/A | V / CF | |
| EBITDA | N/A | V / EBITDA | |
| Operating Income (Loss) | N/A | V / OI | |
| Business Description for 10gen, Inc. |
10gen, Inc. is an open source cloud computing start-up based in New York. Its founders, Dwight Merriman, Eliot Horowitz and Kevin Ryan, are all leaders in the web software space. Their new venture attempts to fill a void they found while scaling the servers at one of their previous companies, DoubleClick. As a result, the 10gen’s main product is MongoDB (from “hu-mongo-us”). MongoDB is an open-source web database designed by the company to scale with extra servers, while simultaneously being schema-less and using a variety of server-side languages. While the software is free—and gaining the support of tens of thousands of developers—MongoDB is also used by well-recognized websites such as SourceForge and the tech news site Business Insider. However, 10gen does offer commercial support ranging from $1000-$5000 per year to assist web developers in creating their dynamically mapped website infrastructures. 10gen is privately-held and is backed by several leading venture capital firms (see PrivCo VC/Funding Table: 10gen). 10gen, Inc. was founded in 2007. |
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