"Supabase, the open source Postgres development platform, has raised $100 million in Series E funding at a $5 billion valuation, co-led by Accel and Peak XV, with participation from Figma Ventures and other existing backers. The round comes just four months after Supabase's Series D, bringing its total funding to more than $500 million. As part of the raise, Supabase will set aside a community allocation, giving its developer base the opportunity to co-invest alongside institutional"
"reinforcing the founders' commitment to open source and community-driven growth. Our community is what makes Supabase special, and it's a priority to give them the chance to co-invest in what we're building, said Paul Copplestone, co-founder and CEO of Supabase. With this new capital, we'll continue serving our 4M+ developers and building open source tools that scale Postgres. Supabase has rapidly become a leading backend for AI-powered application development, with platforms like Lovable and Bolt running on its infrastructure."
Supabase secured $100 million in Series E funding at a $5 billion valuation, co-led by Accel and Peak XV with participation from Figma Ventures and existing backers. The round arrived four months after Series D and raises total funding to over $500 million. A community allocation will allow developers to co-invest alongside institutional partners. Supabase serves over 4 million developers and more than 100,000 customers, including Y Combinator startups and enterprises like PwC, McDonald's, and GitHub Next. The new capital will fund Multigres, an enterprise-grade platform for large-scale, data-intensive Postgres workloads and AI-powered application development.
Read at siliconvalleyjournals.com
Unable to calculate read time
Collection
[
|
...
]