By Shubhangi Chowdhury

California-based software company Couchbase is set to be acquired by Haveli Investments, a tech-focused investment firm in Austin, Texas, in an all-cash deal valued at around $1.5 billion. The move signals a major shift as Couchbase transitions from a publicly traded company to private ownership.

The developer data platform announced on June 20 that it has entered into a definitive agreement with Haveli Investments. As part of the deal, Couchbase shareholders will receive $24.50 per share in cash—a 29% premium over the company’s closing stock price on June 18, the last full trading day before the news broke.

“Today’s announcement marks a significant milestone for our stockholders and an exciting new chapter for Couchbase,” said Matt Cain, chair, president, and CEO of Couchbase. “Haveli’s investment is a strong affirmation of our market position and our future potential, and we are thrilled to partner with Haveli to accelerate our vision and deliver even greater value to our customers.”

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Couchbase acquisition seems to be beneficial for it offers a unified platform called Capella, designed to manage hybrid workloads including transactional data, mobile integration, edge computing, and generative AI use cases. “Couchbase has been at the forefront of modern database technology, empowering developers and enterprises to build high-performance applications,” said Cain.

This acquisition would enable financial flexibility to Couchbase to invest in product innovation, response faster to customer needs while Haveli likely sees future value in Couchbase’s technology stack as more enterprises transition to AI-first infrastructure.

“Couchbase’s innovative data platform is well positioned to meet the performance and scalability demands of the largest global enterprises. We are eager to collaborate with the talented team at Couchbase to further expand its market leadership,” said Sumit Pande, Senior Managing Director at Haveli Investments.

The transaction has been greenlit by Couchbase’s board and expected to close in the second half of 2025, pending customary shareholder and regulatory approvals. Upon completion of the transaction, Couchbase shares will be delisted.

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In recent months, Haveli Investments has been on an aggressive acquisition spree—purchasing Accommodations Plus International on June 3, a global leader in crew travel-tech; acquiring AppViewX in early March, a top-tier provider of certificate lifecycle and PKI solutions; and completing the buyout of cybersecurity firm ZeroFox in May 2024. These targeted moves reflect Haveli’s clear strategy: build a diversified portfolio of enterprise tech assets with recurring revenue and high-growth potential.

Haveli Investments, an Austin-based private equity firm focuses on in investing in technology sector such as software, data, gaming and adjacent industries through control, minority or structured equity and debt investments. This acquisition aims to deliver database solutions globally. “We are excited to combine Haveli’s operational expertise in scaling enterprise software organizations with Couchbase’s strong product leadership to deliver high performance database solutions to the developer and enterprise customer base globally,” said Marissa Tarleton, Senior Managing Director at Haveli Investments.

Couchbase is a U.S.-based software company that provides a modern, high-performance NoSQL database platform designed for enterprise applications. Known for its flexible and scalable architecture, Couchbase helps developers build real-time, responsive apps across web, mobile, and IoT environments.