Supabase Soars to $2 Billion Valuation with $200 Million Funding Round
Summary
Supabase, the open source backend platform for developers supporting Postgres databases, has skyrocketed to a $2 billion valuation after securing a massive $200 million Series D funding round led by Accel, with participation from top investors like Coatue, Y Combinator, and Craft Ventures.
Key Points
- Supabase raised a $200 million Series D funding round at a $2 billion valuation
- The round was led by Accel, with participation from Coatue, Y Combinator, Craft Ventures, Felicis, and angel investors
- Supabase provides an open source backend platform for developers, supporting Postgres databases