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Wednesday, June 23rd 2021

$102M to Continue Building the Next Web, Together

Posted by

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Guillermo Rauch

CEO and Founder, Vercel

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Kevin Van Gundy

Chief Operating Officer

Today, we’re happy to announce our Series C funding. This is a major milestone for our company, customers, and community in our mission to build a faster web, together.

This comes at a time of incredible momentum for both Vercel and Next.js.

Last week, we hosted our second Next.js community event in partnership with the Google Chrome team. We had over 65,000 developers, designers, product managers, and technology leaders join us to talk about the future of the web.

In the past six months, we've doubled traffic to the sites and apps on the Vercel Edge Network and quadrupled weekly deployments. We saw a 50% increase in Next.js downloads on npm, from 4.1M to 6.2M, and the number of homepages using Next.js in the Alexa top 10,000 has grown 50%. At the same time, we've tripled our enterprise customer base.

Companies of all sizes and verticals, from established industry leaders to pioneering startups, are choosing Vercel to build and host their websites. 

Firms like Hashicorp, the inventors of modern cloud-native tooling, choose Vercel. Firms like GitHub, the leading source code hosting solution, choose Vercel. Global 2000 Enterprises like IBM, McDonald's, and Facebook, choose Vercel. Hyper-scaling unicorns like Patreon, Scale, and others all choose Vercel.

These companies understand that building great websites is a team sport that requires not only the best hosting, the best developer tools, and the best developer experience, but also, crucially, the ability to empower stakeholders from across the business to participate in building the best possible end-user experience.

The way websites are built is changing. Vercel, its customers, and its community are leading the way.

Our mission is to empower teams to fearlessly develop, collaborate, and instantly ship delightful web experiences. We are grateful for the support along the way. Thank you to our customers, community, partners, and employees for making our growth and momentum possible.

We remain focused on helping everyone build the next web.

Details of our Series C

Vercel has added an additional $102 million of investment at a valuation greater than $1BN. This Series C round is in addition to the $61 million previously raised. The round is led by existing investor Bedrock Capital with participation from other existing investors Accel, CRV, Geodesic Capital, Greenoaks Capital, and GV. New investors include 8VC, Flex Capital, GGV, Latacora, Salesforce Ventures, and Tiger Global.