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New Deal


Announced

Completed

Altimeter Capital led a $160m Series E round in Cockroach Labs.

Financials

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Transaction Value£118m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Completed

Private

Friendly

Venture Capital

software development

United States

Single Bidder

Acquisition

Cross Border

Software

Private Equity

Synopsis

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Altimeter Capital led a $160m Series E round in Cockroach Labs, a computer software company that develops commercial database management systems, with participation from Greenoaks, Lone Pine, Benchmark, BOND, FirstMark, GV, Index Ventures, and Tiger Global. "The story of transactional SQL workloads moving to the cloud is still largely unwritten and represents a tremendous opportunity for the next Oracle-like business to emerge. CockroachDB's high availability, strong consistency, and low latency allows them to address the lion's share of these relational workloads. Cockroach Labs offers a remarkable experience. It removes much of the incremental cost of scaling, driving massive cost-savings and improving developer agility. We could not be more excited to partner with the Cockroach team," Neil Mehta, Greenoaks Capital Managing Partner.

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