Supabase, a Singapore-based backend-as-a-service startup, raised a $30 million Series A funding round led by Coatue, with participation from new key angel investors including GitHub co-founder Tom Preston-Werner, PagerDuty co-founder Alex Solomon and Docker co-founder Solomon Hykes participated in the funding round.
Company: Supabase Inc
Raised: $30.0M
Round: Series A
Funding Month: September 2021
Lead Investors: Coatue
Additional Investors: Tom Preston-Werner, Alex Solomon, and Solomon Hykes
Company Website: https://supabase.com/
Software Category: Open-source software to build database applications
About the Company: Founded in 2020, Supabase is an open-source firebase alternative using which businesses can generate a backend within 2 minutes. It enables users to start their projects with an authentication, Postgres database, instant APIs, storage, and real-time subscription. Supabase was part of Y Combinator’s Summer 2020 class, the accelerator’s first cohort to be entirely remote. Supabase is fully remote with a strong affinity for open-source maintainers and ex-Founders. Supabase engineering team is made up of developers from AWS, Google, Palantir, Stripe, and other YC companies.
Source: https://techcrunch.com/2021/09/09/supabase-raises-30m-for-its-open-source-insta-backend/