Search





Search





Database startup Supabase seeks to double valuation to $10 billion, The Information reports

ReutersApr 3, 2026 2:40 AM

April 2 (Reuters) - Singapore sovereign wealth fund GIC is in talks to lead an investment in open-source database startup Supabase at a valuation of about $10 billion, The Information reported on Thursday, citing people with direct knowledge of the talks.

Here are some details:

Supabase is seeking to raise about $500 million in the fundraising round, although the amount could change, the report added.
Reuters could not independently verify the report. Supabase and GIC did not immediately respond to requests for comment.
The talks come months after the company was valued at $5 billion in a funding round last fall.
Supabase is a backend platform that enables developers to quickly build applications and has benefited from growing demand for AI-powered coding assistants.
The platform is built on the PostgreSQL open-source database, a system for organising and managing information online.
Founded by Paul Copplestone and Ant Wilson in 2020, Supabase counts Accel, Felicis, Coatue Management, Y Combinator and Craft Ventures among its existing investors.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Tradingkey

Recommended Articles

Tesla Stock Drops 5%: Is Tesla’s Growth Story Breaking Down or a Long-Term Buying Opportunity?

TradingKey - Tesla is at a clear inflection point. As its stock price continues to retreat, deliveries fall short of expectations, and inventory pressures mount, the market has begun to reevaluate its growth thesis. Valuations previously anchored by high growth and long-term narratives are now facin

Nike Stock Falls Below 50 Dollars Is It Still a Good Investment?

TradingKey - For much of early 2026, Nike (NKE) was under significant selling pressure, resulting in an accelerated selloff following its fiscal Q3 report, which resulted in the stock price being pushed below $50.

SpaceX IPO Ignites Space Stocks, Which Stock Is Most Worth Investing In?

TradingKey - For SpaceX, the question is no longer whether to go public, but rather that it has already entered a stage of substantive progress.

Amazon Talks to Acquire Globalstar: Can $9 Billion Deal Challenge SpaceX Starlink?

TradingKey - During after-hours trading on April 1, 2026, shares of satellite communications company Globalstar (GSAT) surged 24%, with its market capitalization briefly approaching $9 billion. The rally was triggered by an exclusive report from the Financial Times stating that e-commerce giant Amaz

Helium’s 2026 Shock: Which Stocks are Most Affected

Most investors don’t spend much time thinking about helium. It’s the party-balloon gas… or at least that’s what most people think. But But behind the scenes, helium keeps a lot of high-end tech running - and supply has tightened fast lately.

Tradingkey

KeyAI

