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Convex funding, valuation and investors
Reactive TypeScript backend — database, serverless functions, and real-time sync in one platform.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$57M · August 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$107M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · San Francisco, California
Investors in latest funding
Lead: Insight Partners
Other: Andreessen Horowitz , Spark Capital , Etna Labs
Overview
Convex is a reactive backend platform combining a document database, serverless TypeScript functions, and real-time sync — letting developers and coding agents build collaborative apps without managing fragile distributed glue. Founded by Dropbox alumni James Cowling and Ian Livingstone, the company raised a $57M Series B led by Insight Partners in August 2026 (total funding $110.5M), after a $24M growth round in 2025 led by a16z and Spark Capital and a $26M Series A in 2022. Convex targets teams shipping real-time apps and enterprises that need EU data residency.
Why Convex is interesting
Agentic engineering killed the 'why not Postgres?' objection — Convex's Aug 2026 $57M Series B (Insight lead; a16z + Spark returning) bets that AI-written apps need ACID TypeScript backends and sandboxed components agents can reason about.
Product & use cases
Convex provides a hosted backend where TypeScript functions run against a reactive database — clients subscribe to query results that auto-update when data changes.
- Building real-time collaborative apps (docs, whiteboards, games)
- Replacing Firebase/Supabase for teams wanting TypeScript-native backends
- Prototyping full-stack apps without separate DB + API + websocket layers
Key facts
- Series B (Aug 2026): $57M led by Insight Partners; a16z, Spark, Etna Labs, Justin Kan — $110.5M total
- Growth (2025): $24M led by a16z, co-led by Spark; Neo participated
- Series A (2022): $26M led by a16z; General Catalyst in seed
- Founders: James Cowling and Ian Livingstone (Dropbox alumni)
- Millions of production instances; Enterprise plans and EU hosting live (company, Aug 2026)
Funding history (newest first)
Series B
2026-08 $57M- Insight Partners (lead)
- Andreessen Horowitz (participant)
- Spark Capital (participant)
- Etna Labs (participant)
Source: Read source · news.convex.dev
Growth
2025 $24MSource: Read source · convex.dev
Series A
2022 $26MSource: Read source · convex.dev
Investors in our directory
Funds linked from Convex's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: End-to-end reactive sync with TypeScript-first DX — developers write backend logic in the same language as frontend without ORM glue.
Developer backend platforms compete on DX, pricing, and real-time primitives. Convex's reactive model suits collaborative apps but must prove scale for enterprise workloads. Firebase and Supabase have larger ecosystems; Convex wins on TypeScript ergonomics.
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Firebase incumbent
Google's BaaS with massive scale; Convex offers stronger relational queries and TypeScript.
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Supabase direct
Postgres-backed open source; Convex uses custom reactive engine.
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PlanetScale adjacent
Serverless MySQL; no built-in functions or real-time layer.
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Liveblocks adjacent
Real-time collaboration infra; narrower scope than full backend.
Notable stories
- Convex founders left Dropbox to build the backend they wished existed for real-time apps — reactive queries that push updates to clients automatically (Convex blog).
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Convex's financing or category context.
FAQs about Convex
Practical answers founders, operators, and investors typically search for.
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