Supabase raises $200M Series D at $2B valuation

Paul Copplestone didn’t think things like this actually happened. Then one day Accel’s Gonzalo Mocorrea asked for his New Zealand address—more than 7,000 miles from Silicon Valley. Mocorrea “literally showed up on my doorstep in Wānaka, which is really not easy to get to,” said Copplestone, the CEO and cofounder of open source application development platform Supabase. “For the next two days, he’d pop in and we’d chat for a couple hours.” After a few days in Wānaka—located on New Zealand's South Island and famous for its snow capped mountains overlooking a massive mirror of a lake—Accel’s Mocorrea called in backup, texting partner Arun Mathew. “Arun said ‘alright, I’m coming,’” said Copplestone. “And I said, ‘Oh no, don’t come! We haven’t agreed to anything!’ But yeah, he came, we had dinner in Queenstown, another beautiful place. We caught up the next morning, and they offered a term sheet.” Accel’s Mathew had traveled more than 24 hours, across two flights and multiple car rides ... Read full article.