Supabase Raises $80 Million in Series B Funding

Supabase, Pleasanton, Calif.-based open-source Database-as-a-Service (DBaaS) company, raised $80 million in Series B funding.

The round, which brings total capital raised to $116m, was led by FelicisParticipation from existing investors CoatueAnd Lightspeed.

TheThe company plans to use the funds for:

  • Continue to place emphasis on innovation
  • Double the size and experience of its team

Co-founded by Paul CopplestoneAnd Ant Wilson, SupabaseIs it possible to build an open-source project? Database-as-a-ServicePlatform to assist developers in building their applications without repeating the exact same tasks. Developers use it to manage their application’s database, authentication, storage, and edge functions.

InIn recent months, the community has seen an increase in developers to over 80,000, with many signups coming from cloud-native, enterprise, and individual developers. Fortune 500 companies. HostedDatabases have grown by 1900% in12 months, with more than 100,000 databases built.

Supabase is a standout company from YC’s Summer 2020 class.

FinSMEs

11/05/2022

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