Vercel, a San Francisco-based platform to develop, preview, and ship websites, from single static pages to apps, announced that it secured $150 million in Series D funding at a $2.5B valuation to Further Fuel Innovation and Global Adoption of the World’s Fastest Frontend Development Platform.
The round was led by GGV Capital, with participation from existing investors Accel, Bedrock Capital, CRV, Geodesic Capital, Greenoaks Capital, GV, 8VC, Flex Capital, Latacora, Salesforce Ventures, and Tiger Global, along with new investor SV Angel.
The new funding, which brings the total raised to $313M, will be used to further scale the Vercel team globally for research and development to drive platform innovation and to accelerate adoption among the world's biggest companies.
Company: Vercel Inc.
Raised: $150.0M
Round: Series D
Funding Month: November 2021
Lead Investors: GGV Capital
Additional Investors: Accel, Bedrock Capital, CRV, Geodesic Capital, Greenoaks Capital, GV, 8VC, Flex Capital, Latacora, Salesforce Ventures, Tiger Global, and SV Angel
Company Website: https://vercel.com/
Software Category: Frontend Web development platform
About the Company: Vercel is the leading advocate and enabler of frontend developer experience, having created the best platform to deploy any frontend website or application and Next.js, the most popular React framework. Vercel provides unsurpassed vertical integration, from developer experience to edge delivery with the industry's most advanced development tools paired with parallel computing in a serverless cloud environment providing a fully-managed, highly-automated experience for both developers and users. Companies including Carhartt, Github, Hulu, IBM, McDonald, Uber, and Facebook deploy their frontends with the Vercel platform.
Source: https://www.businesswire.com/news/home/20211123005573/en/Vercel-Announces-150M-in-Series-D-Funding-at-a-2.5B-Valuation-to-Further-Fuel-Innovation-and-Global-Adoption-of-World%E2%80%99s-Fastest-Frontend-Development-Platform