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Wednesday, December 16th 2020

Company News

Wednesday, December 16th 2020

$40M to Build the Next Web

Posted by

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Guillermo Rauch

@rauchg

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Kevin Van Gundy

@kevinvangundy

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Chris Leishman

@cleishm

Today we announce $40M in new funding to help everyone build the next web.

When responding to investors, we told them the stories of our customers, from independent developers to Fortune 10 companies, and the lessons we learned this year about how Next.js and Vercel help teams collaborate and move faster with greater flexibility.

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Airbnb’s engineering team, for example, isn’t a heavy user of Next.js yet, but they are a world-class team of designers, engineers, product managers, and marketers. They showed us how they use Vercel to quickly prototype, mark up, and collaborate on new features and pages.

They use Vercel Preview URLs as their unit of collaboration, and it’s dramatically reduced their time to prototype and ship. Rather than waiting weeks to ship a flagged feature, it now takes minutes to start the feedback loop.

TripAdvisor showed us how they use Vercel as a “component knowledge base” to make it easy for dozens of subsidiaries and sister companies to reuse and share components and code. This greatly accelerates the time from idea to MVP to global rollout.

HashiCorp pushed back on the dogmatism of pure static. Their team is laser-focused on the user experience. They don’t care if an application is CSR, SSR, SSG, etc. as long as their end-user is delighted.

As early adopters to static sites, HashiCorp found that pure Jamstack limited their flexibility in unacceptable ways. They pushed us to make hybrid applications a first class architecture when using Next.js on Vercel. They’ve been a consistent thought partner in exploring the future of analytics, experimentation, and performance.

Learning how these best practices of collaboration, component reuse, and flexibility were achieved at scale on Vercel were just a few of the powerful lessons from our customers this year.

Our goal in 2021 is to invest to help everyone build the next web.

Details of our Series B

Vercel has secured $40M in series B funding in a round led by GV, with participation from new investors Greenoaks Capital, Bedrock Capital, and Geodesic Capital in addition to existing investors Accel and CRV. The new funding, which brings the total raised to $61M, will be used to accelerate research and development, drive platform innovation, and scale its team globally to further accelerate frontend developers’ ability to enrich end users’ web experiences.

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Preview.
Ship.

The development platform for the best frontend teams.