Our mission is to make the Web. Faster.
We're excited to announce $150 million in Series D funding at a valuation of over $2.5 billion. We'll use this funding to accelerate how we:
- Support open-source projects
- Make the Web Edge-first
- Build the end-to-end development platform
- Grow our team
Support open-source projects
As a company with deep roots in open-source technology, we believe in the power of communities to create a faster Web. We've seen this first-hand with Next.js, a collaboration of more than 1,800 developers with now over 2 million weekly installs.
In addition to creating and maintaining Next.js and other open-source projects, we sponsor popular libraries and frameworks like Nuxt, Astro, webpack, Babel, NextAuth, Parcel, and Unified. We work with hundreds of communities across the Web to donate free Vercel accounts to support their projects. Most recently, we welcomed Rich Harris to Vercel to work full-time on Svelte, the powerful open-source framework.
We'll continue to support projects that contribute to a better Web ecosystem.
Make the Web Edge-first
We believe the modern Web is at the Edge and embraces the open Web platform.
Our customers are already embracing this new paradigm of Web development rooted in Edge-aware capabilities. Since our Series A in April 2020, traffic on the Vercel Edge Network has grown over 700%. Large ecommerce organizations are realizing agile and tailored Web experiences are the future of buying online. Startups are building their products with an Edge-first mentality from the beginning because they know that's where the Web is going and should be.
Last month we released Edge Functions ↗, which unlock the ability to run normally-complex personalization without performance implications or client-side burden. But this is just the beginning of what's possible when your code and infrastructure are deeply integrated.
Build the end-to-end development platform
This round represents a renewed commitment by our team and our investors to execute on our vision for the end-to-end platform for the modern Web.
We're prioritizing infrastructure that enables seamless integration with any tool ↗, brought into a single workflow. From ideation to iteration, we want to build the best developer experience for every part of the software lifecycle, no matter what you choose to build with.
To build great Web experiences you need code and collaboration. We're expanding capabilities of features like Preview Deployments ↗ and Next.js Live ↗ to unlock the potential for everyone to join in on the development process.
We're committed to building the end-to-end platform for the entire development lifecycle. Our work is just beginning. Join us. ↗
Details of Vercel valuation and Series D funding
Vercel has added an additional $150M in new funding at a valuation of more than $2.5B. This brings our total funding raised to $313M. This funding 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, SV Angel, and Tiger Global.