Supabase nabs $5B valuation, four months after hitting $2B | TechCrunch

"On Friday Supabase announced that it raised a fresh $100 million Series E on a $5 billion valuation, led by Accel and Peak XV. This is just four months after closing its $200 million Series D on a $2 billion valuation, led by Accel, with Coatue. And that Series D was just seven months after raising an $80 million Series C led by Sequoia spinoff Peak XV and David Sacks' Craft Ventures at an undisclosed valuation."

"Supabase combines Postgres with other enterprise-grade open source tools for features like authentication, auto-generated APIs, file storage, and a vector toolkit (necessary for many AI apps). It eased the difficult parts of setting up a database down to a few button clicks. Consequently it became a popular back end for vibe-coding tools - which write apps with natural language prompts - like fast-growing Lovable and Bolt."

Supabase raised $100 million in a Series E at a $5 billion valuation, led by Accel and Peak XV. This followed a $200 million Series D at a $2 billion valuation four months earlier and an $80 million Series C seven months before that, bringing total funding to $500 million after $380 million raised in one year. Supabase provides an open-source Postgres-based backend with authentication, auto-generated APIs, file storage, and a vector toolkit for AI applications. The platform simplifies database setup to a few clicks and became a popular backend for vibe-coding and AI coding tools; the community of about 4 million developers could buy stock in the Series E.

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