raises $80M in funding

Open-source application development platform and Postgres database service provider Supabase Inc. said today it has closed on an $80 million round of funding, bringing its total amount raised to date to $196 million. Today’s Series C round, which was first reported by TechCrunch, was led by Peak XV and Craft Ventures, and saw participation from Avra Capital plus previous investors Coatue, Felicis and Y Combinator. Supabase, which also raised $80 million via its Series B funding round in 2022, didn’t reveal a valuation. However, the company’s co-founder and Chief Executive Paul Copplestone told Techcrunch that the latest investment was an…