Supabase raised US$100 million in series E funding at a US$5 billion valuation.

The round was led by Accel and Peak XV, with Figma Ventures and other investors joining.

The platform helps developers build applications using Postgres databases.

Supabase plans to use the funds to develop Multigres, for large-scale, data-heavy apps, led by Vitess co-creator Sugu Sougoumarane.

The company has over 4 million developers and serves clients including Bolt, Lovable, and Figma.

🔗 Source: Supabase