Supabase nabs $5B valuation, four months after hitting $2B

It’s been a whirlwind yr for the vibe-coding world’s database of alternative: Supabase. On Friday, Supabase introduced that it raised a contemporary $100 million Sequence E at a $5 billion valuation, led by Accel and Peak XV. That is simply 4 months after closing its $200 million Sequence D at a $2 billion valuation, led by Accel.

And that Sequence D was simply seven months after elevating an $80 million Sequence C led by Sequoia spinoff Peak XV and David Sacks’ Craft Ventures at an undisclosed valuation. PitchBook estimated Supabase was valued at round $765 million in that deal, post-money.

In order that’s $380 million raised in a yr and a greater than 500% valuation step up, assuming PitchBook’s estimates of the Sequence C valuation are within the ballpark. Supabase has now raised a complete of $500 million, it says.

Open supply database service Supabase was based in 2020 by CEO Paul Copplestone and CTO Ant Wilson (pictured above), just a few years earlier than the LLM-powered vibe-coding craze spawned. It was initially a Y Combinator startup that supplied builders a Postgres-based open supply various to Google’s Firebase. Firebase is a database that was additionally designed to energy AI apps.

Supabase combines Postgres with different enterprise-grade open supply instruments for options like authentication, auto-generated APIs, file storage, and a vector toolkit (needed for a lot of AI apps). It simplified the troublesome components of establishing a database down to some button clicks. Consequently, it turned a preferred again finish for vibe-coding instruments — which write apps with pure language prompts — like fast-growing Lovable and Bolt. It’s more and more used because the database of alternative for Figma and different uber well-liked AI coding instruments like Replit, Cursor, and Claude Code, it says.

Curiously, as a result of Supabase is open supply and supported by a group of builders — claiming 4 million builders as customers — it’s permitting group members to additionally purchase inventory as a part of this Sequence E funding, the corporate stated.