Supabase raised $500 million in a Series F funding round, bringing its post-money valuation to about $10.5 billion in June 2026. The round was led by GIC with participation from Stripe, Salesforce Ventures, Georgian, Accel, Y Combinator, Craft, Felicis, and Coatue [1, 2].
The startup's valuation doubled in eight months, from $5 billion in October 2025 to $10 billion pre-money by June 2026 [1]. User numbers grew in tandem, reaching nearly 10 million developers, doubling over the same period [1]. Supabase said its usage rose more than 600% in the past year, driven largely by AI-assisted coding tools such as Anthropic's Claude Code and OpenAI's Codex [1, 2].
Founded in 2020 by CEO Paul Copplestone and CTO Ant Wilson, Supabase builds developer tools based on the open-source Postgres database aimed at simplifying database scaling and management [1, 2]. Copplestone said the platform's goal is to "expand the number of people who can build" [1]. He added that "the product just works," addressing challenges linked to scaling databases from small apps to large organizations [2].
Supabase recently launched Multigres, a tool to help manage and scale Postgres databases with features like handling read replicas and failovers [1, 2]. The company serves over 250,000 customers and employs around 350 people [2].
The startup is positioning itself as a competitor to database services from major players such as MongoDB and Amazon [2]. Arun Mathew, a partner at Accel, said of Supabase’s product: "Very few products do that" [2].
Supabase previously raised $100 million at a $5 billion valuation in October 2025 [1]. The recent funding shows strong investor confidence amid the company’s rapid growth in user base and technology adoption.
Supabase's next steps include expanding adoption of its Postgres-based platform and scaling its offerings to meet enterprise demands.
