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Supabase developer platform raises $200m, valued at $2b
Supabase Inc., an open-source developer platform, is reportedly raising over US$200 million in a funding round that values the company at approximately US$2 billion, according to sources familiar with the matter.
Venture capital firm Accel is leading the funding round, but both Accel and Supabase declined to comment.
Founded in 2020, Supabase offers an alternative to Google’s Firebase, helping developers efficiently scale their projects.
The company has over two million registered developers on its platform.
Recent Supabase developments
| Timeline |
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25-Sep-2024 🚀 Supabase raises $80m to expand PostgreSQL platform
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18-Jul-2024 📊 The SaaS players serving SEA’s tech ecosystem
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16-Apr-2024 📈 SG-based Supabase propels app development platform with new acquisition
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Update: (April 23, 3:57 p.m. SGT): This article was updated to correct the reported fundraise amount and number of registered developers on the platform.
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