Supabase, the open-source developer platform once touted as a Firebase alternative, has just raised an impressive $80 million in its Series C funding round, led by Peak XV and Craft Ventures. This new injection of capital brings the company’s total funding to $196 million and solidifies its growing dominance in the database world, as more enterprises and startups flock to its developer-friendly, Postgres-centric platform.
While the company hasn’t disclosed its valuation, co-founder and CEO Paul Copplestone emphasized that this was an "up round," signaling an increase in market value. Interestingly, despite this fresh capital, Copplestone revealed that Supabase has only recently dipped into reserves from its 2022 Series B funding—another $80 million round—demonstrating fiscal pru
Supabase Secures $80M Series C as It Quietly Dominates the Developer World
- By Anshika Mathews
- Published on
People adopt us because we’re easy to use like Firebase, and also because we’re built on Postgres, which is growing in popularity.
