Database startup Supabase notches $5 billion valuation in funding round

(Reuters) -Open-source database startup Supabase said on Friday it has raised $100 million in a funding round, which valued it at $5 billion. The Series E funding was led by venture capital firms Accel and Peak XV. Figma Ventures and other investors also participated in the round. The latest capital-raise comes just months after Supabase's Series D round, which reportedly valued it at $2 billion. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)

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