Supabase Secures $80M in Series B Funding

May 1st, 2022Funding
  • Supabase raised $80 million in Series B funding in May, with cumulative funding reaching $116 million.

  • Since Series A, Supabase's growth includes over 150,000 PostgreSQL databases launched, 110,000 developer signups, and significant community growth across Discord, Twitter, and GitHub.

  • Series B round led by Felicis, with participation from Coatue, Lightspeed, and Square Peg Capital, focusing on building an open source business.

  • Contributions to open source include financial support through an open collective, hiring of core maintainers for projects like PostgREST and pgsodium, and research sponsorship such as Elixir type system.

  • Supabase's future plans include enhancing PostgreSQL tooling, scalability, distributed databases, and supporting OrioleDB for advanced Postgres capabilities.

Recent Funding News