Supabase Series E

Supabase recently raised $100 million in a Series E funding round led by Accel and Peak XV, with participation from Figma and existing investors such as YC, Coatue, Felicis, Craft, and Square Peg, valuing the company at $5 billion pre-money. The funding will be utilized for employee secondaries, allowing workers to sell 25% of their vested stock, as well as to accelerate hiring for open-source projects like Multigres and OrioleDB. Supabase, a fully distributed company with over 30 ex-founders and a presence in 37 countries, is committed to continuous community growth, and plans to launch a $1 million community round to allow early customers and contributors to invest.