Funding round
Supabase Series B
Supabase, which works in open-source application development platform in Singapore, raised $80M in a Series B round announced on 10 May 2022, led by Felicis. 3 firms took part, 3 of them already investors. It is Supabase's second venture round on record; the one before was a Series A in Sep 2021.
$80M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Supabase did not disclose a valuation in this round. It came 8 months after Supabase's Series A. It is 8.1% of the $990M Supabase has raised in the venture rounds on record. Supabase raised again 28 months later: a Series C round of $80M in Sep 2024. Its next priced round, a Series D in Apr 2025, valued it at $2.00B.
Supabase's funding rounds
Supabase has 6 venture rounds on record. This one is highlighted.
- Series A 1 Sep 2021, led by Coatue $30M
- Series B this round 10 May 2022, led by Felicis $80M
- Series C 30 Sep 2024, led by Peak XV Partners and Craft Ventures $80M
- Series D 22 Apr 2025, led by Accel $200M$2.00B post-money
- Series E 3 Oct 2025, led by Accel and Peak XV $100M$5.00B post-money
- Series F 4 Jun 2026, led by GIC $500M$10.50B post-money
Investors
Who put money in
Felicis led the round with 2 other firms. Felicis, Coatue and Lightspeed had backed Supabase before.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
986 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 4 May 2022 | $196M | not disclosed | Insight Partners |
| Tech Companies | 24 May 2022 | $150M | $750M | SoftBank Vision Fund |
| Tech Companies | 4 May 2022 | $100M | not disclosed | CRV and Insight Partners |
| Tech Companies | 16 May 2022 | $80M | not disclosed | Kayne Partners and CIBC Innovation Banking |
| Tech Companies | 5 May 2022 | $70M | not disclosed | Parker89 and Cross River Digital Ventures |
| Tech Companies | 9 May 2022 | $68M | not disclosed | Temasek |
| Tech Companies | 3 May 2022 | $63M | not disclosed | Quiet Capital |
| Tech Companies | 9 May 2022 | $63M | $1.50B | New Enterprise Associates and Matrix Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Supabase raise in its Series B round?
Supabase raised $80M in its Series B round, announced in May 2022.
Who led Supabase's Series B round?
Felicis led it, with Coatue and Lightspeed.
What was Supabase's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
986 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.7 times the median.
Did Supabase raise again after this round?
Yes: a Series C round in Sep 2024 of $80M.