Supabase funding, valuation and investors

Overview

Supabase is an open-source Postgres backend platform founded in 2020, offering database, authentication, storage, edge functions, realtime and vector search. On 2 October 2026 it announced a $150M financing led by GIC, with CapitalG, IronArc and SquarePeg participating, alongside its acquisition of Turso. The purchase price and October valuation were not disclosed. The latest company release reports more than 13 million developers; adoption metrics are company-reported. Its June 2026 Series F raised $500M at $10B pre-money/$10.5B post-money. Sources: https://www.prnewswire.com/news-releases/supabase-announces-150m-in-new-funding-and-turso-acquisition-302896752.html and https://supabase.com/blog/supabase-series-f.

Why Supabase is interesting

Supabase is expanding from a Postgres app backend into infrastructure for AI-generated applications and agent workloads. The announced Turso acquisition adds SQLite-compatible many-database technology; the commercial test is whether database creation turns into retained paid usage.

Product & use cases

Supabase packages PostgreSQL with managed auth, file storage, edge functions, real-time subscriptions, and pgvector — giving developers and AI app builders a complete backend that ships in minutes without standing up infrastructure.

• AI-assisted and vibe-coded apps needing instant database, auth, and storage setup
• Startups scaling from prototype to production on open-source Postgres without migration
• Enterprise teams requiring vector search and real-time features alongside relational data

Key facts

• Series F (Jun 2026): $500M at $10.5B valuation led by GIC; $1B+ total raised (PRNewswire)
• 9M+ developers; majority of new databases from AI coding tools like Claude Code (CNBC)
• Multigres open-source Postgres scaling layer preview released Jun 2026 (PRNewswire)
• Valuation doubled from $5B (Oct 2025 Series E) to $10.5B in eight months
• 100+ integrated partner tools in marketplace (Supabase press)
• 2 Oct 2026: $150M financing led by GIC; October valuation and primary/secondary allocation undisclosed. Source: https://www.prnewswire.com/news-releases/supabase-announces-150m-in-new-funding-and-turso-acquisition-302896752.html
• 2 Oct 2026: acquisition of Turso announced; purchase price undisclosed. Source: https://supabase.com/blog/supabase-is-acquiring-turso

Funding history (newest first)

Investors in our directory

Funds linked from Supabase's profile — open a fund page for stage focus and related deal articles.

Competitive landscape

Edge: Open-source Postgres distribution with bottoms-up developer adoption — free tier and CLI drive viral growth, while managed cloud and enterprise features monetize at scale without vendor lock-in to proprietary databases.

The announced Turso acquisition broadens Supabase's scope to small isolated agent and tenant databases while preserving its Postgres backend strategy. Compared with database-only providers, its integrated auth, storage and developer tooling are a distribution advantage. VCT analysis: paid retention, reliable fleet operations and practical SQLite-to-Postgres migrations will determine the commercial impact.

• Firebase (Google) direct

  Original inspiration Supabase set out to replace; NoSQL/document model vs. Supabase's Postgres-first approach.

• Neon direct

  Serverless Postgres specialist; narrower product scope without bundled auth, storage, and edge functions.

• PlanetScale adjacent

  Managed Postgres and MySQL/Vitess databases; overlaps with database workloads rather than the full Supabase backend suite. Source: https://planetscale.com/blog/planetscale-for-postgres

• AWS Amplify/Aurora incumbent

  Hyperscaler managed backend; deeper AWS integration but higher complexity for indie and AI builders.

Notable stories

• CEO Paul Copplestone told CNBC that AI coding tools — especially Claude Code — now create the majority of new databases on Supabase, driving the $10.5B valuation (CNBC, Jun 2026).
• Supabase released Multigres, an open-source Vitess-inspired horizontal scaling layer for Postgres, alongside the Series F — addressing the biggest enterprise objection to single-instance Postgres (PRNewswire).
• Turso joins the ecosystem while the companies say both platforms continue. Glauber Costa becomes Head of Agentic Services: https://turso.tech/blog/turso-is-joining-supabase

Industries

Market / IPO context

Related funding articles

Venture Capital Tracker pieces that cover Supabase's financing or category context.

• Supabase's $500M at $10.5B: The AI App-Builder Backend Scales Up
• Supabase Is Acquiring Turso, Raises $150M for AI Agent Databases