Vercel, the company behind the Next.js framework, has raised $250 million in a Series E funding round led by Accel. This investment values the company at $3.25 billion, marking a 30% increase from its previous valuation in 2021. Vercel has also recently surpassed $100 million in annual revenue. The funds will be used to accelerate innovation in AI, security, and to deliver next-generation web experiences and applications. Existing investors such as CRV, GV, Notable Capital, Bedrock, Tiger Global, 8VC, and SV Angel also participated in the round. The announcement was made on May 16, 2024, and reported by Reuters.
▲ Congratulations to @vercel on their Series E financing valuing the company at 3.25B. @rauchg is an n-of-1 force of nature, and the Vercel team is second to none. https://t.co/jPgioT8qcP
the frontend cloud is growing! congrats @rauchg & team @vercel! More investment in AI+Security+Open Source https://t.co/GyIUlR5Nmv
We have been impressed with @rauchg and the @vercel team since our partnership many years ago. Big congrats to the team on today's Series E fundraise announcement. We are excited to continue supporting Vercel and to see the company doubling down on Generative AI!…
Such a privilege to support @rauchg and partner with @vercel since it started. Grateful to my partner @reidRMC for his belief when it was far from obvious. And @vercel is just getting started on completing their vision for the company!!!! LFG!!!! ♥️🚀 https://t.co/osf1OjiwTw
This morning @vercel announced their Series E! We're proud to continue our support for their leading Frontend Cloud platform alongside lead investor @Accel & fellow existing investors @CRV, @GVteam, @notablecap, @bedrock, Tiger Global, @8vc & @svangel. https://t.co/u0wfdwwswc
Big rounds this week continued as @vercel locked up a $250M Series E led by @Accel. The company, which allows companies to develop web applications in the cloud, is now valued at $3.25B, a 30% uptick from its most recent raise in 2021. https://t.co/Ynv8sqB5nN
Congrats to @rauchg and the entire @vercel team - velocity from the company is off the charts: Vercel Raises $250M to Accelerate AI and Security Innovation and Deliver Next-Generation Web Experiences and Applications - https://t.co/BJQvicBL5n
Exclusive: Vercel completes $250 mln Series E round at $3.25 bln valuation https://t.co/tzMMIki7We https://t.co/hBErCzADtz
Vercel, which develops the Next.js framework, raised a $250M Series E led by Accel at a $3.25B valuation, and says it recently exceeded $100M in annual revenue (@annatonger / Reuters) https://t.co/KnVElF4T2W https://t.co/zKcnqTmMBv