Supabase Series B

Supabase has raised $80 million in its Series B funding round, bringing its total funding to $116 million, with the support of investors such as Felicis, Coatue, Lightspeed, and Square Peg Capital. The company aims to hold itself accountable for the promises made during its Series A funding round by revisiting its plans for growth and community engagement. Since its Series A announcement a year ago, Supabase has grown significantly, with over 150,000 PostgreSQL databases launched, more than 110,000 developers signed up, and a growing community on Discord, Twitter, GitHub Stars, and other platforms. The company is committed to giving back to the open-source ecosystem through initiatives such as its open collective, which has paid over $80,000 to contributors and maintainers. Supabase is also investing in new technologies, including PostgREST, Elixir Type support, Deno, and database encryption, with a focus on supporting existing open-source tools before developing its own products. The company is now moving into Phase 3 of its growth plan, which includes branching, scalable storage, distributed databases, ephemeral compute, snapshots, and time-travel. Supabase has also invested $500,000 in OrioleDB, a PostgreSQL extension that aims to unlock new capabilities in Postgres.

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