Supabase has raised a Series E from insiders, led by Accel and Peak XV. Figma has joined the round with all of existing investors: YC, Coatue, Felicis, Craft, and Square Peg.
We raised $100M at a $5B pre-money valuation. One of the ways we will use the money is for employee secondaries: every single round we have allowed our employees to sell 25% of their vested stock. This round is no different, and we will continue to do this for future rounds.
Additionally, we are accelerating hiring for key open source initiatives like Multigres and OrioleDB. Supabase is home to over 30 ex-founders. We are 100% distributed, with no offices, spread across 37 countries. We are a group of humans who are focused on doing their best work. If that sounds like a place you want to work, apply today:
One more thing: our community continues to grow it’s one of the things Ant & I are most proud of. This time, we wanted to allow Supabase and Postgres contributors to invest. In the coming months we will do a $1M community round open to early customers and contributors.