Supabase nabs $5B valuation, four months after hitting $2B | TechCrunch
Key Takeaways
- Supabase raised $100 million in a Series E funding round at a $5 billion valuation.
- This valuation represents a more than 500% step up from its previous funding rounds within the last year.
- Supabase is an open-source, Postgres-based database alternative to Firebase, popular for 'vibe-coding' and AI apps.
- The company has now raised a total of $500 million since its founding in 2020.
- As part of the Series E, Supabase is allowing its community of 4 million developers to buy stock.
The open-source database service Supabase has experienced a whirlwind year, culminating in a newly announced $100 million Series E funding round led by Accel and Peak XV, establishing a $5 billion valuation. This latest investment comes only four months after a $200 million Series D at a $2 billion valuation, demonstrating extremely rapid growth in valuation and capital raised. Founded in 2020, Supabase offers developers a powerful, open-source, Postgres-based alternative to Google's Firebase, integrating features like authentication and vector toolkits essential for modern AI applications. Its ease of use has made it a popular backend for emerging 'vibe-coding' tools and established platforms like Figma and Replit. Uniquely, Supabase is allowing its community of 4 million developers to purchase stock as part of this Series E financing. In total, the company has now raised $500 million in funding since its inception.
