Supabase nabs $5B valuation, 4 months after hitting $2B

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

And that Collection D was simply seven months after elevating an $80 million Collection 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 an over 500% valuation step up, assuming PitchBook’s estimates of the Collection 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), a couple of 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 different 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 eased the tough elements of organising a database down to a couple button clicks. Consequently it turned a well-liked 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 fashionable 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 Collection E funding, the corporate mentioned.