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Supabase raised $30M in a Series A funding round led by Coatue. This came after the company’s seed funding in December last year. Supabase was also a part of Y Combinator’s Summer 2020 class.
Supabase, a developers’ suite creator for repetitive workflows, raised $30 million in a Series A funding round led by Coatue with participation from angel investors, reports state.
The previous funding round for Supabase came in 2020 last year, where it netted $6 million. Few new key angel investors – including GitHub co-founder Tom Preston-Werner, PagerDuty co-founder Alex Solomon and Docker co-founder Solomon Hykes – participated in the funding round.
Supabase, founded in 2020, provides a collection of tools that helps developers build projects more quickly by automatically handling numerous behind-the-scenes work and wiring. TechCrunch reported that while creating a project, Supabase provides a Postgres database, an API for interacting with said database that automatically evolves as per changes, a user authentication system that plays friendly with the popular login providers (Facebook, Twitter, Google, Apple, etc.), a storage system for handling things like image and video uploads, and a user interface for overseeing and managing them.
Supabase was a part of Y Combinator’s Summer 2020 class. Paul Copplestone, co-founder and CEO of Supabase, told Techcrunch that the company uses six different tools, employs lead maintainers of several of those tools and open source contributors.
“Then COVID hit. It was probably the best thing that happened to Supabase. We got into the YC S20 batch (the first remote batch) and started building the company from Singapore. Unable to go outside during the lockdown, we spent all day shipping, finished YC, raised a $6M seed round in August 2020, and since then continued shipping like the lockdown never ended. We were “born remote”, and along the way, the team has grown to 25, spread across nine countries, including many open source contributors/maintainers. Of all the things I’m most proud of, it’s the team we’ve assembled,”Paul Copplestone wrote on his LinkedIn handle