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 partners—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. More than 100,000 customers, including over half of the latest Y Combinator batch, as well as enterprises like PwC, McDonald’s, and GitHub Next, now rely on Supabase.
“Supabase is scaling with clarity and conviction, redefining how applications are built with AI,” said Arun Mathew, Partner at Accel. “With millions of developers and strong enterprise adoption, Supabase is emerging as the defining database for the next generation of software.”
Shailendra Singh, Managing Director at Peak XV, added:
“Supabase began with managed Postgres but has evolved into a full platform company. Its developer-first mindset has made it a critical enabler for AI startups worldwide. This marks our third consecutive investment in Supabase since Series C, reflecting our deep conviction in the team and its long-term potential.”
The fresh funding will fuel the development of “Multigres”, Supabase’s enterprise-grade platform for large-scale, data-intensive workloads. To lead the initiative, Supabase has hired Sugu Sougoumarane, co-creator of Vitess, joining a roster of top database and open source leaders including Postgres core contributors, the co-founder of NGINX, and several YC alumni.
“Developers shouldn’t have to choose between speed and scale,” said Caryn Marooney, General Partner at Coatue. “Supabase makes it possible to build in a weekend and scale to millions. This financing accelerates their mission to be the universal backend for startups and enterprises alike.”
With its growing community, enterprise traction, and focus on AI-era development, Supabase is positioning itself as the go-to backend for the next generation of applications.
