Funding round
Supabase Series C
Supabase, which works in open-source application development platform in Singapore, raised $80M in a Series C round announced on 30 Sep 2024, led by Peak XV Partners and Craft Ventures. 6 firms took part. It is Supabase's third venture round on record; the one before was a Series B in May 2022.
$80M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Supabase did not disclose a valuation in this round. It came 28 months after Supabase's Series B. It is 8.1% of the $990M Supabase has raised in the venture rounds on record. Supabase raised again 7 months later: a Series D round of $200M in Apr 2025, at $2.00B post-money.
Supabase's funding rounds
Supabase has 6 venture rounds on record. This one is highlighted.
- Series A 1 Sep 2021, led by Coatue $30M
- Series B 10 May 2022, led by Felicis $80M
- Series C this round 30 Sep 2024, led by Peak XV Partners and Craft Ventures $80M
- Series D 22 Apr 2025, led by Accel $200M$2.00B post-money
- Series E 3 Oct 2025, led by Accel and Peak XV $100M$5.00B post-money
- Series F 4 Jun 2026, led by GIC $500M$10.50B post-money
Investors
Who put money in
Peak XV Partners and Craft Ventures led the round with 4 other firms.
Lead investors
- Peak XV Partners new investor
- Craft Ventures backs 197 venture-backed companies new investor
Also in the round
- Avra Capital new investor
- Coatue backs 229 venture-backed companies new investor
- Felicis backs 237 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
249 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 1.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Sep 2024 | $120M | not disclosed | One Peak |
| Tech Companies | 26 Sep 2024 | $80M | not disclosed | TQ Ventures |
| Tech Companies | 24 Sep 2024 | $70M | $1.00B | Evolution Equity Partners |
| Tech Companies | 4 Sep 2024 | $60M | $470M | Scale Venture Partners |
| Tech Companies | 12 Sep 2024 | $55M | not disclosed | Pelion Venture Partners |
| Tech Companies | 19 Sep 2024 | $45M | not disclosed | Riverwood Capital |
| Tech Companies | 10 Sep 2024 | $43M | not disclosed | Left Lane Capital |
| Tech Companies | 19 Sep 2024 | $33M | not disclosed | Morgan Stanley |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Supabase raise in its Series C round?
Supabase raised $80M in its Series C round, announced in Sep 2024.
Who led Supabase's Series C round?
Peak XV Partners and Craft Ventures led it, with Avra Capital, Coatue, Felicis and Y Combinator.
What was Supabase's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
249 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $53M, and this round was 1.5 times the median.
Did Supabase raise again after this round?
Yes: a Series D round in Apr 2025 of $200M at $2.00B post-money.