From the source
Supabase raised $100 million in a Series E round led by Accel and Peak XV, at a $5 billion pre-money valuation, with participation from Figma and existing investors.
The company plans to use the funds for employee secondaries and to accelerate hiring for open source initiatives like Multigres and OrioleDB.
A $1 million community round for early customers and contributors is planned in the coming months.
