Supabase Raises $80M in Series B
Supabase has successfully raised $80M in a Series B at a $800M valuation led by Coatue, Felicis Ventures, Y Combinator.
Company Overview
Supabase is a Developer Tools company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2020 with 100+ employees.
Open source Firebase alternative
Fundraising Details
- Amount Raised: $80M
- Round Type: Series B
- Valuation: $800M
- Date: 2024-04-18
- Investors: Coatue, Felicis Ventures, Y Combinator
About Supabase
Open source Firebase alternative The company is positioned in the Developer Tools sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 548 Market Street, San Francisco, CA 94104
- Founded: 2020
- Team Size: 100+
- Industry: Developer Tools
What This Means
This funding round demonstrates strong investor confidence in Supabase's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Developer Tools sector continues to attract significant investment as companies innovate to meet evolving market demands. Supabase's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $800M valuation marks an important milestone for Supabase, positioning the company among notable players in the Developer Tools industry.
Looking Ahead
With this new capital, Supabase is well-positioned to execute on its growth strategy and continue building innovative solutions in the Developer Tools space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-04-18. For more information about Supabase, visit their headquarters at 548 Market Street, San Francisco, CA 94104.
