Supabase valuation reaches $10 billion after $500 million funding round
10 reported
Supabase, an open source database company, announced a $500 million Series F funding round at a $10 billion pre-money valuation, according to a company announcement on Friday. The company, which has been doubling its valuation every few months for two years, now has a post-money valuation of approximately $10.5 billion. Database launches on Supabase have grown over 600% in the past year, with more than 60% of them launched by some form of AI tool, CEO and co-founder Paul Copplestone wrote in a blog post. The startup reports nearly 10 million developers as users, a figure that has doubled in eight months. The funding round was led by GIC, with existing investors including Stripe and new investors Georgian and Salesforce Ventures participating.
What’s reported
Supabase raised a $500 million Series F at a $10 billion pre-money valuation.
The post-money valuation is approximately $10.5 billion.
Database launches on Supabase have grown over 600% in the past year.
Over 60% of database launches were made by some sort of AI tool.
The company reports nearly 10 million developers as users, doubled in eight months.
CEO Paul Copplestone credited Claude Code and Codex for growth.
Supabase is a database of choice for Bolt, Figma, Lovable, Replit, and others.
The round follows a $100 million round at a $5 billion valuation in October and a $200 million round at $2 billion earlier.
Supabase launched a tool called Multigres this week, described as an “operating system” for Postgres.
The round was led by GIC, with Stripe, Georgian, and Salesforce Ventures as investors.
Key figures
Paul Copplestone, CEO and co-founder of Supabase
Sources: TechCrunch
