In 2020, when open source database Supabase was founded, its New Zealand-based CEO, Paul Copplestone, couldn't have imagined it would be sitting in the sweet spot for 2025's biggest trend: vibe coding. But on Tuesday, the fruits of that became evident when it announced a $200 million Series D at a $2 billion post-money valuation led by Accel, with Coatue, Y Combinator, Craft Ventures, and longtime investor Felicis participating in the round, Fortune reported. This fresh $200 million comes just seven months after Supabase announced it raised $80 million led by Peak XV (a Sequoia spinoff) and David Sacks' Craft Ventures. Supabase wouldn't comment on the valuation at that time, but PitchBook put it at about $900 million. All told, the startup has now raised about $398 million. Supabase combines the open source SQL database Postgres with other enterprise-grade open source tools for features like authentication, auto-generated APIs, file storage, and a vector toolkit (necessary for many...
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