Supabase, a Singapore-based open-source Database-as-a-Service (DBaaS) company, announced that it raised $80 million in Series B funding.
The round was led by Felicis, with participation from existing investors Coatue and Lightspeed.
This latest round follows Supabase's $30 million Series A round announced in September 2021 and brings the Company's total capital raised to $116 million.
With this Series B round, Supabase plans to continue its relentless focus on innovation to support more enterprises, the Company also plans to double the size of its team.
Company: Supabase Inc.
Round: Series B
Funding Month: May 2022
Lead Investors: Felicis
Additional Investors: Coatue and Lightspeed
Company Website: https://supabase.com/
Software Category: open-source Database-as-a-Service platform
About the Company: Founded in 2020, by Paul Copplestone and Ant Wilson, Supabase is building an open-source Database-as-a-Service platform to help developers build their applications without repeating the same tedious tasks. Developers use Supabase to manage their application's database, authentication, storage, and edge functions. Supabase's growth is completely organic, driven by its commitment to developing new features to upgrade the database development experience. Supabase works with a globally remote team to deliver a secure, stable, and scalable system. Both are 3-time founders.