Supabase Raises $200M Series D, Valued at $2B

Open-source application development platform Supabase announced a $200 million Series D funding round, bringing its valuation to $2 billion. Accel led the round, with participation from Coatue, Y Combinator, and others. Investors went to extraordinary lengths, with Accel partners even visiting the CEO in New Zealand to finalize the deal. Supabase aims to be a one-stop backend for developers, boasting 2 million developers and 3.5 million databases. Its success is attributed to its focus on the database layer, its understanding of the 'vibe coding' trend, and its remote-first culture attracting top talent globally.