Foundry Backs MongoLab

Boulder-based venture capital firm Foundry Group has backed a San Francisco developer of cloud-based databases, MongoLab, the firm said today. Foundry said it led the $3M, Series A investment in MongoLab, which also included Baseline Ventures, GRP Partners, Freestyle Capital and Bullet Time Ventures. MongoLab develops a cloud-based service based on the MongoDB database software. More information »