Supabase funding: Every round, investor, and valuation (2026)

Supabase gives developers a managed Postgres database with the pieces most apps need built around it: user logins, file storage, real-time updates, serverless functions, and vector search for AI features. Anyone can start for free. Supabase makes money when those projects grow, through paid plans that start at $25 a month and usage-based charges for computing, storage, and data transfer.

Supabase has raised about $996 million across seven rounds since 2020, all of it equity. Its latest round, a $500 million Series F led by Singapore's sovereign wealth fund GIC, closed in June 2026 at a $10.5 billion post-money valuation.

For its first four years, Supabase was a well-liked developer tool that raised money at a steady pace. Then AI app builders and coding agents started launching databases on it by the million, and investors repriced the company three times in 14 months. Let's dive into Supabase's funding history.

Supabase's funding falls into three stretches: two years of fast early rounds, a 28-month pause, and three AI-driven rounds in just over a year. Coatue is the only institutional investor that has backed every round since the seed.

Paul Copplestone and Ant Wilson founded Supabase in early 2020. Copplestone had been chief technology officer of Nimbus for Work, a Singapore software company, where he built a chat app on Google's Firebase and ran into the limits of its database.

Supabase pitched itself as "the open-source Firebase alternative" and joined Y Combinator's Summer 2020 batch. Coatue led the seed that December, with Mozilla and about 20 angels alongside.

Coatue led again in September 2021. The company had 24 employees spread around the world, and active databases on the platform were growing 35% a month.

The Series B came eight months later, led by Felicis. Felicis founder Aydin Senkut compared the team's shipping speed to Google and Shopify, and Supabase said it would double its headcount and build enterprise features as it moved upmarket.

Supabase did not raise again for 28 months, through the slump in tech funding that followed 2021. It kept building and spent part of its Series B on open source, including a $500,000 investment in OrioleDB, a new storage engine for Postgres that it later bought.

Peak XV, the former Sequoia India and Southeast Asia, and Craft Ventures co-led the Series C in September 2024. Copplestone called it an up round but did not give a price.

By then the pitch included AI. Supabase said about 40% of Y Combinator's latest batch built on it, and about one in ten active databases already powered an AI use case.

The Series D arrived seven months later, as "vibe coding" tools such as Lovable and Bolt began creating Supabase databases for users who had never written code. Accel led, and Fortune reported that sign-ups had doubled in the previous three months.

Accel partner Arun Mathew told Fortune that at that price, he "needed to sit across the table, look him in the eye" before investing. He returned less than six months later to co-lead the Series E with Peak XV, when Supabase had more than 4 million developers.

GIC led the Series F in June 2026, eight months after the Series E. Georgian and Salesforce Ventures joined as new investors, and Stripe made what Supabase called its second investment.

In every round, Supabase lets employees sell up to 25% of their vested stock. The company does not say how much of each round went to those sales rather than to its own balance sheet.

Supabase's valuation rose about fivefold between April 2025 and June 2026. The company has never disclosed a price for any round before the Series D, so the earlier figure is an outside estimate.

The price rose 2.5 times in under six months between the Series D and E, then roughly doubled again in the eight months to the Series F. Both jumps followed growth in users, since Supabase does not disclose revenue.

Supabase counted about 2 million developers at the Series D and more than 4 million at the Series E, and it said in June 2026 that nearly 10 million developers build on it.

Sacra, a private-market research firm, estimated annual recurring revenue at about $170 million in May 2026, which would put the Series F at roughly 60 times sales. That is a premium even next to Vercel's own funding rounds, which priced a business with more revenue at $9.3 billion.

Supabase has not published how its shares are split. Copplestone and Wilson still run the company as CEO and CTO, and Coatue, Accel, Peak XV, and Felicis have each led or co-led at least one round.

Supabase's cap table is mostly venture and growth funds, with a few strategic investors from the software companies whose customers build on it. No chip maker or cloud provider holds a disclosed stake.

Coatue led the seed and the Series A and has joined every round since. Coatue was the first institutional fund to lead a Supabase round, and partner Caryn Marooney joined the board with the Series A.

Felicis led the Series B and has also returned in every later round. Its 2022 lead paid for Supabase's first push into enterprise features.

Accel led the Series D and co-led the Series E. Mathew described Supabase as "the defining database for the next generation of software" when the Series E was announced.

Peak XV co-led the Series C and the Series E with Accel. Craft Ventures, David Sacks's firm, co-led the Series C alongside it and has joined each round since.

GIC led the Series F as a first-time investor. It also co-led Vercel's Series F in 2025, so it now backs two of the largest private developer platforms.

Salesforce Ventures and Georgian joined the same round. Stripe, whose Stripe Projects developer preview Supabase has joined, made its second investment.

Figma Ventures joined the Series E as its only new institutional backer. TechCrunch lists Figma among Supabase's users, and the investment came a few months after Figma's ownership changed with its IPO in July 2025.

Supabase has a long list of angel investors from the developer tools world. The Series A brought in GitHub co-founder Tom Preston-Werner, Docker co-founder Solomon Hykes, PagerDuty co-founder Alex Solomon, Elad Gill, and Vercel founder Guillermo Rauch. Rauch invested again in the Series D, alongside OpenAI's then chief product officer Kevin Weil and Laravel's Taylor Otwell.

Y Combinator and Mozilla backed the company before its first institutional round. Y Combinator has joined most rounds since.

Supabase spends its funding on infrastructure, open-source engineering, and people. It does not train AI models, so it avoids the chip bills behind OpenAI's compute-heavy funding rounds, but it does pay to host millions of free databases.

Supabase runs entirely on rented servers from Amazon's cloud business, across 17 regions. Every free project costs it money until the developer upgrades or lets the project lapse.

Copplestone has said the company does not spend money on marketing. It gives away free databases instead and counts on a share of them turning into paid projects.

That bet relies on conversion. Sacra estimated in mid-2026 that Supabase had more than 250,000 paying customers, about 2.5% of its developers, with average spending per customer roughly flat at about $700 a year.

The largest engineering bet is Multigres, a system for running Postgres at very large scale. Supabase hired Sugu Sougoumarane, a co-creator of the Vitess database system created at YouTube, to lead it in 2025, and released an open-source alpha on the day of the Series F.

OrioleDB is the second piece. Supabase bought the startup in April 2024, opened its patent to the Postgres community in 2025, and aims to make its storage engine production-ready in 2026.

Supabase buys small teams rather than large companies, and it has not disclosed terms for any deal. It bought the log analytics company Logflare in December 2021.

Triplit, an offline-first database, joined in October 2025, and its co-founder now works on integrations with other sync tools. Hydra, co-developer of the pg_duckdb analytics extension, joined in February 2026 to build Supabase Warehouse.

Supabase is fully remote, with employees in more than 50 countries. It pays the same salary for a role regardless of where the employee lives.

Employees get 10 years to exercise their options, even after they leave. Combined with the secondary sales in each round, that gives staff a way to cash out long before any IPO.

The growth now comes from software rather than people. More than 60% of new Supabase databases are launched by an AI tool, and Copplestone credits Claude Code, part of how Anthropic sells Claude, and OpenAI's Codex for an acceleration since January 2026. Supabase for Platforms, which lets app builders such as Lovable and Bolt create databases for their own users, was its fastest-growing product in the year to June 2026. TechCrunch also lists Cursor and Replit as users, and Replit's own funding climb to a $9 billion valuation in 2026 rode the same AI coding wave.

The product roadmap points upmarket. Multigres and OrioleDB are meant to let large companies keep growing on Supabase rather than moving to another database, and a Gemini Enterprise connector added in September 2026 lets Google's AI assistant query Supabase projects. The competition is getting larger too: Databricks bought Neon, a serverless Postgres rival, for about $1 billion in 2025 with the help of Databricks' own funding war chest, and Firebase remains part of Google's cloud business.

Supabase has not filed for an IPO, and Copplestone told Fortune in 2025 that he hopes for a "$50 billion, $100 billion outcome." The main risks are security and concentration. In September 2026, UpGuard found about 16,000 misconfigured Supabase databases exposing personal data, many from AI-built apps, and a growing share of new projects comes through AI app builders, in a sector that takes the largest share of startup funding.

Supabase has raised about $996 million across seven rounds since 2020, all of it equity. The largest was a $500 million Series F in June 2026, led by GIC. Each round also let employees sell some of their vested shares.

Supabase's lead investors are Coatue, Felicis, Peak XV, Craft Ventures, Accel, and GIC. Other backers include Y Combinator, Mozilla, Lightspeed, Square Peg, Avra Capital, Figma Ventures, Stripe, Georgian, and Salesforce Ventures, along with angels such as Tom Preston-Werner, Solomon Hykes, and Guillermo Rauch.

Supabase was valued at about $10.5 billion after its Series F in June 2026, or $10 billion before the new money. That was about twice its valuation eight months earlier and about five times its valuation in April 2025.

No. Supabase is private and has not filed for an IPO. Its shares are not traded on any stock exchange.

Supabase is owned by its founders, employees, and investors. Co-founders Paul Copplestone and Ant Wilson still lead the company as CEO and CTO. The largest outside holders are likely the funds that led its rounds, including Coatue, Accel, Peak XV, and Felicis, though exact stakes are not public.