Supabase Developer Platform Raises Cash at $2 Billion Valuation

Accel is leading the funding round of more than $100 million. 

The startup is raising more than $100 million in a deal led by Accel.

Photographer: Krongkaew/Moment RF/Getty Images

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Supabase Inc., an open source developer platform, is raising more than $100 million in a funding round that values the company at about $2 billion, according to people familiar with the matter.

Venture firm Accel is leading the deal, said the people, who asked not to be identified discussing private information. The startup bills itself as an alternative to Google’s Firebase, aiming to help developers quickly scale projects.