Supabase, a Singapore-based open-source database-as-a-service (DBaaS) company, announced Tuesday that it has raised $80 million in Series B funding led by Felicis, with participation from existing investors Coatue and Lightspeed.

This latest round follows Supabase’s $30 million Series A round announced in September 2021, and brings the company’s total capital raised to $116 million, Supabase said in a statement.

With this Series B round, Supabase plans to continue its relentless focus on innovation to support more enterprises. The company also plans to double the size of its team – 20 percent of which is currently comprised of former founders – over the next year, with a focus on senior leaders that can help further scale a fully-remote culture driven by engineering, creativity, and autonomy.

“Supabase believes that the database market is completely underserved. As a critical component of every successful application, database development should be as easy as application development at every stage of a business lifecycle. This latest round allows us to grow our enterprise support for PostgreSQL hosting, while continuing to support our open source community,” said Paul Copplestone, Chief Executive Officer and Co-Founder of Supabase.

Founded by Paul Copplestone and Ant Wilson, Supabase is building an open-source database-as-a-service platform to help developers build their applications without repeating the same tedious tasks. Developers use Supabase to manage their application’s database, authentication, storage, and edge functions.

Supabase’s platform enables developers to rapidly develop products without worrying about scaling limitations, with an open source approach to remove vendor lock-in. In recent months the Supabase community surpassed 80,000 developers, with many signups from cloud-native, enterprise and Fortune 500 companies.

Hosted databases have grown 1900 percent in 12 months, with over 100,000 databases created. This organic growth has been driven by focused feature releases during Supabase Launch Weeks, Hackathons, and improving the developer database experience.

“We are super excited to be investing in Supabase and partner with the team on their next phase of growth. Supabase’s team is made up of 20 percent former founders and therefore deeply understands the need and pain points for developers to rapidly develop products. Supabase truly enables developers to build their applications without repeating the same tedious tasks and manage their application’s database, authentication, storage, and edge functions,” said Aydin Senkut, Founder and Managing Partner of Felicis.

Founded in 2006, Felicis is a venture capital firm investing in companies reinventing core markets, as well as those creating frontier technologies. It focuses on early stage investments and currently manages over $2.1 billion in capital across eight funds. The firm is an early backer of more than 41 companies valued at $1 billion+. More than 91 of its portfolio companies have been acquired or gone public.

“Ever since we first met Supabase we had high conviction in the vision and the platform. It’s been incredible to see the team’s relentless execution over the last two years. Seeing the team’s strong organic traction, we are excited to triple down with Supabase once again. The vision continues to expand as Supabase takes on the biggest and most entrenched databases while heeding its North Star – the developer community,” said Caryn Marooney, Supabase Board Director and Coatue General Partner.

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