MongoHQ Raises $6 Million For Database As Service Engine

Funding Rounds

Summary

MongoHQ has raised $6 million from Trinity Ventures and a host of investors for its database service for developers. The company will use the funds to expand its public cloud offering and improve its management tools for MongoDB, the popular NoSQL database. It competes with such providers as MongoLab, Amazon Dynamo DB and Heroku, which has a PostgreSQL option. MongoHQ’s value comes with its focus on uptime and the help it provides developers to scale applications. Further, as Alexia Tsotsis wrote last year, MongoHQ differentiates itself by adding enterprise level functionalities.

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Amount $6.0M Total raised
Date October 19, 2012 Announcement date
Investors Webb Investment Network (WIN), Trinity Ventures, DCVC Lead investors
Company http://www.compose.io Funded company

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