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Investing.com -- Postgres development platform Supabase has secured $100 million in Series E funding at a $5 billion valuation, bringing its total funding to over $500 million.
The round was led by Accel and Peak XV with participation from Figma Ventures and other returning investors. This funding comes just four months after the company’s Series D round.
As part of this financing, Supabase plans to reserve an allocation for community members to co-invest alongside institutional partners, allowing open source advocates to participate in the company’s growth.
"Our community is what makes Supabase special, and it’s a priority to give them the opportunity to co-invest in what we’re building," said Paul Copplestone, co-founder and CEO of Supabase. "With the new capital we’ll continue serving our community of over 4 million developers while building open source tools to scale Postgres."
The company has emerged as the preferred backend for AI-driven development, with platforms like Lovable and Bolt running on its infrastructure. Supabase serves more than 100,000 customers, including over 50% of the latest Y Combinator batch and enterprises such as PwC, McDonald’s, and Github Next.
Arun Mathew, partner at Accel, said: "Supabase is scaling with clarity and conviction while redefining what it means to build applications with AI. With millions of developers, enterprise validation, and a team of entrepreneurial builders, Supabase is emerging as the defining database for the next generation of software."
The new capital will accelerate Supabase’s work on "Multigres," an enterprise-scale version of its platform for large, data-intensive applications. To lead this effort, the company has hired Sugu Sougoumarane, co-creator of Vitess.
Supabase has assembled a team that includes Postgres core contributors, the NGINX co-founder, and founders of various Y Combinator companies.
Over 4 million developers use Supabase, often alongside Cursor and Claude Code, as it enables them to quickly create backends that automatically update with AI commands.
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