Supabase, the open-source Postgres development platform, has successfully closed a 0 million Series E funding round, elevating its valuation to an impressive billion. This round was spearheaded by Accel and Peak XV, with notable participation from Figma Ventures and other returning investors. Remarkably, this funding comes just four months after the company’s Series D round, pushing the total funding raised to over 0 million.
Community Engagement and Investment
In a significant move that underscores its dedication to the open-source community, Supabase intends to allocate a portion of the Series E funding to allow community members to co-invest alongside institutional partners. This initiative empowers developers and advocates of open-source software to engage directly in the company’s growth trajectory, reinforcing Supabase’s community-first approach.
The funding marks the culmination of a remarkable year for Supabase, which has emerged as the go-to backend platform for AI-driven development. Currently, over 100,000 customers, including more than half of the latest Y Combinator cohort and major enterprises like PwC, McDonald’s, and GitHub Next, depend on Supabase. The platform’s ability to swiftly deploy backends that respond to AI-generated commands positions it as a natural ally for developers utilizing tools such as Cursor and Claude Code.
With a global reach of over 4 million developers, Supabase offers a scalable and user-friendly solution for crafting modern applications. The newly acquired capital will accelerate the development of “Multigres,” an enterprise-grade iteration of its platform tailored for large, data-intensive workloads. To spearhead this initiative, Supabase has welcomed Sugu Sougoumarane, co-creator of Vitess, a highly regarded open-source database technology utilized by industry giants like YouTube.
Sougoumarane joins a robust team of industry experts at Supabase, which includes core contributors to Postgres, the co-founder of NGINX, and founders from several Y Combinator-backed startups. Together, they are constructing a next-generation infrastructure platform that harmonizes the reliability of Postgres with the agility and performance essential for AI-powered applications.
How the funding will be used:
With this Series E funding, Supabase is set to enhance its role as a foundational layer for modern software development, empowering both developers and enterprises to create faster, smarter, and more scalable systems.
KEY QUOTES:
“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. With the new capital we’ll continue serving our community of over 4 million developers while building open source tools to scale Postgres.”
Paul Copplestone, co-founder and CEO of Supabase
“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.”
Arun Mathew, partner at Accel
“We’re excited to co-lead Supabase’s Series E alongside Accel. Supabase started with managed Postgres but is now evolving into a platform company. Their incredible developer-first mindset has made them a critical enabler for hundreds of thousands of new AI startups globally, powering the AI supercycle for millions of developers. This is our third consecutive investment since co-leading their Series C a year ago, reflecting our deep conviction in Paul, Ant, Rory and their leadership team. We’re thrilled to continue this enduring partnership as Supabase scales to its next phase of growth.”
Peak XV’s Shailendra Singh
“We invested in Supabase at the seed because developers shouldn’t have to choose between speed and scale. Today, the ability to build in a weekend and scale to millions is not just possible, it’s routine with Supabase. This new financing aims to accelerate Supabase’s efforts to become the backend for everyone, from startups to some of the most demanding, data-intensive enterprise workloads.”
Caryn Marooney, General Partner at Coatue
