Funding round
Supabase Series D
Supabase, which works in open-source application development platform in Singapore, raised $200M in a Series D round announced on 22 Apr 2025, led by Accel, at a $2.00B post-money valuation. 5 firms took part, 2 of them already investors. It is Supabase's fourth venture round on record; the one before was a Series C in Sep 2024.
$200M
Amount raised
$2.00B
Post-money valuation
$1.80B pre-money
5
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Supabase at $2.00B after the new money. The $200M bought investors about 10% of the company. It came 7 months after Supabase's Series C. It is 20% of the $990M Supabase has raised in the venture rounds on record. Supabase raised again 6 months later: a Series E round of $100M in Oct 2025, at $5.00B 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 30 Sep 2024, led by Peak XV Partners and Craft Ventures $80M
- Series D this round 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
Accel led the round with 4 other firms. Accel and Y Combinator had backed Supabase before.
Lead investor
- Accel backs 581 venture-backed companies existing investor
Also in the round
- Coatue backs 229 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies existing investor
- Craft Ventures backs 197 venture-backed companies new investor
- Felicis backs 237 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chainguard Tech Companies | 23 Apr 2025 | $356M | $3.50B | Kleiner Perkins and Institutional Venture Partners |
| Runway Tech Companies | 3 Apr 2025 | $308M | $3.00B | General Atlantic |
| Tech Companies | 30 Apr 2025 | $200M | $2.00B | Founders Fund and Ribbit |
| Tech Companies | 7 Apr 2025 | $115M | not disclosed | not named |
| Tech Companies | 28 Apr 2025 | $108M | $808M | New Enterprise Associates |
| Tech Companies | 2 Apr 2025 | $100M | $1.00B | StepStone Group |
| Tech Companies | 3 Apr 2025 | $100M | $1.00B | GV |
| Tech Companies | 1 Apr 2025 | $82M | $2.20B | Sequoia Capital and CapitalG |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Supabase raise in its Series D round?
Supabase raised $200M in its Series D round, announced in Apr 2025.
Who led Supabase's Series D round?
Accel led it, with Coatue, Y Combinator, Craft Ventures and Felicis.
What was Supabase's valuation at the Series D round?
$2.00B post-money ($1.80B pre-money).
How does it compare with other Series D rounds in Tech Companies?
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.0 times the median.
Did Supabase raise again after this round?
Yes: a Series E round in Oct 2025 of $100M at $5.00B post-money.