Supabase, which promotes itself as an open source alternative to Google’s Firebase, has raised $80 million in a Series B fundraising round led by Felicis Ventures. This round included participation from Coatue and Lightspeed, bringing the company’s total funding to $116 million.
Of course, the service can’t match Firebase feature for feature, but it does include many of the essential features that developers will need to get started, such as a database, storage, and authentication service, as well as the recently launched Supabase Edge Functions, a serverless functions-as-a-service offering.
According to Supabase CEO and co-founder Paul Copplestone, the company has experienced significant growth in the previous year, with a community of over 80,000 developers who have generated over 100,000 databases on the service – a 1,900 percent increase in the last year.
“We’re moving upmarket and finding more and more customers who are using us as a Postgres-as-a-service offering — basically as an alternative to [Amazon] RDS. And Heroku, of course, at the moment is an interesting one since so many people are looking to migrate. So basically, anyone who would be looking at a Postgres-as-a-service offering, we’re starting to see more and more of these people reach out directly,” he said, and also noted that it’s not just the database itself that users are interested in but also the company’s tooling around it, including autogenerated APIs and GraphQL extensions, as well as the ability to scale the database up as needed. “It’s really focused on making it very easy for developers to get started and build on top of,” he said.
Supabase wants to increase its workforce with this new capital in order to expand its platform (with a focus on enterprise capabilities) and go-to-market strategy. The majority of the company’s growth has been organic up until now.
