Supabase raises $80M Series B for its open source Firebase alternative, and more

SaaS Weekly News Roundup for the week of 9th May 2022
Supabase raises $80M Series B for its open source Firebase alternative, and more

Crypto exchange KuCoin raises funds at $10 billion valuation

KuCoin, a Seychelles-based global crypto exchange, raised $150M in Pre-Series B funding. The round was led by Jump Crypto, Circle Ventures, IDG Capital, and Matrix Partners. KuCoin is a cryptocurrency exchange for over 700 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 18 million users in 207 countries and regions.

Supabase raises $80M Series B for its open source Firebase alternative

Supabase, known on the internet for being an open-source alternative to services like Google’s Fiberbase, has raised an $80 million Series B funding round. This recent development brings the company’s total funding to date to $116 million.

Stord Raises $120M in Series D Funding

Stord, an Atlanta, GA-based cloud supply chain company, raised $120M in Series D funding. The round was led by Franklin Templeton, with participation from Sozo Ventures, Strike Capital and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital, and Salesforce Ventures.

Foodtech Choco raises $111m and becomes Germany's latest unicorn

Berlin-based Choco, a foodtech making software to digitize ordering, supply chain, and communications for restaurants and suppliers, has raised $111m. That brings its total valuation to $1.2bn and makes it Germany's latest unicorn. 

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