Vercel Revenue, Valuation, Funding & Investors

Vercel is valued at $9.3B as of September 2025, a 46.5x revenue multiple. Vercel revenue was $200M, as disclosed with its latest round.

Last Vercel valuation

$9.3B

Series F · Sep 2025

Last Vercel funding round

$300M

Series F · Sep 2025

Vercel revenue

$200M

Series F · Sep 2025

Key investors in Vercel

  • Accel
  • GV
  • CRV
  • Bedrock
  • Tiger Global
  • Geodesic Capital

Vercel Overview

About Vercel

Vercel is a San Francisco-headquartered cloud platform for frontend developers deploying static sites, serverless functions, and edge computing via Next.js framework. The service supports over 1 million deployments monthly from teams at companies like Washington Post and Sonos. Features include preview deployments, image optimization, and AI toolkit integrations across global edge network.


Founded

2015

HQ

United StatesSan Francisco, CA

Website

vercel.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription, Usage-based

Revenue

$200M (Sep 2025)

Valuation

$9.3B (Sep 2025)

Vercel Valuation

Vercel is currently valued at $9.3B, based on its Series F in September 2025. Read the announcement ↗

The $300M round was led by Accel and GIC, with participation from Adams Street Partners, Salesforce Ventures, General Catalyst, StepStone Group, GV and 5 other investors.

Vercel's valuation has grown 8.5x from $1.1B at its Series C in June 2021 to $9.3B in September 2025, across 4 priced rounds.

Vercel valuation by funding round

Revenue multiple
Vercel valuation by funding round
DateStageValuationRevenue Multiple
Sep 2025Series F$9.3B46.5x
May 2024Series E$3.3B32.5x
Nov 2021Series D$2.5B-
Jun 2021Series C$1.1B-

Vercel Revenue

Vercel's latest recorded revenue is $200M, as of its Series F in September 2025. At a $9.3B valuation, that implies a 46.5x revenue multiple.

Revenue grew from $100M in May 2024 to $200M in September 2025, while the revenue multiple moved from 32.5x to 46.5x.

Vercel revenue by funding round

Vercel revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2025$200M$9.3B46.5xSeries F
May 2024$100M$3.3B32.5xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Vercel Funding History

Vercel has raised a total of $863M across 6 funding rounds.

Vercel's first fundraising round was a $21M Series A in April 2020. The most recent completed round was a $300M Series F in September 2025.

Vercel funding rounds

Vercel funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2025Series FAccel (lead); GIC (lead); Adams Street Partners; Salesforce Ventures; General Catalyst; StepStone Group; GV; Khosla Ventures; BlackRock; Tiger Global; Notable Capital; Schroders$300M$9.3BVercel closed an oversubscribed $300 million Series F at a post-money valuation of $9.3 billion, announced on 30 September 2025. The round was co-led by existing backer Accel and new investor GIC, and was joined by funds and accounts managed by BlackRock, StepStone, Khosla Ventures, Schroders, Adams Street Partners and General Catalyst, alongside existing investors GV, Notable Capital, Salesforce Ventures and Tiger Global. Vercel also ran a separate tender offer of roughly $300 million giving employees, former employees and early investors liquidity. The valuation is close to a threefold step-up from the $3.25 billion set at the May 2024 Series E. Vercel was founded in 2015 and is based in San Francisco; it builds the frontend cloud used to develop, preview and deploy web applications, and maintains Next.js, the open-source React framework. The company is directing the capital at what it calls the AI Cloud, the infrastructure for building and running AI agents, alongside its AI SDK, which reached three million weekly downloads within a year, and v0, its natural-language application builder.
May 2024Series EAccel (lead); SV Angel; GV; 8VC; Geodesic Capital; Bedrock; Tiger Global; CRV; Notable Capital$250M$3.3BVercel is a San Francisco-based platform enabling developers to build, deploy, and scale web applications using its open-source Next.js framework and Frontend Cloud infrastructure, targeting individual developers to enterprises like Under Armour, Unity, and Nintendo. The company simplifies cloud migration for performant, personalized web experiences and has expanded into AI with products like v0, an AI code generation tool that turns text descriptions into deployable code. On May 16, 2024, Vercel closed a $250 million Series E funding round led by Accel, with participation from existing investors including 8VC, Bedrock, CRV, Geodesic Capital, GV, Notable Capital, SV Angel, and Tiger Global, achieving a post-money valuation of $3.25 billion—an upround from its 2021 Series D at $2.5 billion. The funds support growth and innovation, particularly accelerating v0 development for AI-driven digital experiences. At the time, Vercel had surpassed $100 million in annualized revenue and over 1 million monthly active developers. Vercel's traction includes rapid revenue growth: $1M in 2019, $5M in 2020, $21M in 2021, $51M in 2022, $86M in 2023, exceeding $100M ARR by March 2024. The platform's product-led growth leverages a free Hobby tier, Pro at $20/user/month, and Enterprise plans, with high adoption of its AI SDK (3M weekly downloads by 2025) and v0 (3.5M users). A later September 2025 Series F raised $300M at $9.3B valuation co-led by Accel and GIC, with a $300M tender offer, reflecting AI strategy momentum as ARR reached ~$200M by mid-2025.
Nov 2021Series DGGV Capital (lead)$150M$2.5BVercel is a San Francisco-based platform for developing, previewing, and shipping websites, created by founder and CEO Guillermo Rauch. The company is best known as the creator of Next.js, an open-source React and JavaScript framework for frontend web development that powers major websites including TikTok, Hulu, Ticketmaster, McDonald's, IBM, Uber, Staples, and Marvel. Vercel provides vertical integration from developer experience to edge delivery, combining advanced development tools with parallel compute in a serverless cloud environment. On November 23, 2021, Vercel announced a $150 million Series D funding round 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, plus new investor SV Angel. The round valued the company at $2.5 billion, doubling its valuation from the prior Series C at $1.1 billion just five months earlier in June 2021, and bringing total funding raised to $313 million. The funding was intended to scale the Vercel team globally, accelerate research and development for platform innovation, and increase adoption among enterprise customers. At the time of the Series D, Vercel boasted more than 25,000 customers and demonstrated significant community growth, with Next.js weekly npm installs growing from 500,000 to 2 million since Series A in April 2020, individual contributors doubling to 1,800, and edge network traffic increasing by 700 percent.
Jun 2021Series CBedrock (lead)$102M$1.1BVercel, the company behind the popular open-source Next.js React framework, raised $102 million in Series C funding led by Bedrock Capital in June 2021 at a post-money valuation of $1.1 billion. The round included participation from existing investors Accel, CRV, Geodesic Capital, Greenoaks Capital, and GV, alongside new investors 8VC, Flex Capital, GGV, Latacora, Salesforce Ventures, and Tiger Global. With this funding, Vercel's cumulative capital raised reached $163 million. Bedrock Capital founder Geoff Lewis emphasized the company's leadership in shifting value creation to the front end of web and cloud application development, positioning Vercel at the center of a market transition where user-facing experiences are becoming the primary source of value delivery. The Series C marked a critical milestone for Vercel in establishing itself as a key infrastructure platform for modern web development, building on its Next.js framework and front-end development tools that had already gained significant traction among developers globally.
Dec 2020Series BGV (lead); Greenoaks; Geodesic Capital; Bedrock; Accel; CRV$40M-Vercel is a frontend cloud platform that enables developers to build, test, and deploy web applications. The company provides deployment infrastructure and developer tools built around Next.js, its open-source React framework. In December 2020, Vercel raised $40 million in Series B funding led by GV (Google Ventures), alongside investors including Accel, Bedrock Capital, and CRV. By 2024, the company had scaled to $100 million in annual recurring revenue, and by May 2025 reached $200 million ARR. The company significantly accelerated growth following the launch of v0, its AI-powered code generation product, which contributed approximately 21% of total revenue by 2025.
Apr 2020Series AAccel (lead); Jessie Frazelle; Naval Ravikant; Nat Friedman; Jordan Walke; Resolute Ventures; CRV$21M-Vercel raised $21 million in its Series A funding round in April 2020, led by Accel with participation from CRV and individual investors including Jessie Frazelle, Jordan Walke, Nat Friedman, Naval Ravikant, and Resolute Ventures. This was the company's first institutional round following its founding in 2015 as the company behind Next.js, a popular React framework for building web applications. The platform provides frontend cloud services for developing, previewing, and deploying web experiences directly in the cloud. Vercel has since grown significantly, raising additional rounds including a $40M Series B in December 2020 led by GV, a $102M Series C in June 2021 at $1.1B valuation led by Bedrock Capital, a $150M Series D in November 2021 at $2.5B valuation led by GGV Capital, a $250M Series E in May 2024 at $3.25B led by Accel, and a $300M Series F in September 2025 at $9.3B co-led by Accel and GIC. The company has attracted major customers like Under Armour, Unity, and Nintendo, surpassing $100M in annualized revenue by 2024 and powering over 4 million websites with more than 1 million monthly active developers. Vercel continues to innovate with AI tools like v0 for generating code from natural language prompts, emphasizing enterprise-grade security and developer experience in its AI Cloud platform.

Who has invested in Vercel?

24 investors have backed Vercel across its funding rounds, including Accel, GV, CRV, Bedrock, Tiger Global and Geodesic Capital.

Lead investors include Accel, GIC, GGV Capital, Bedrock and GV.


Vercel Investors

Investors in Vercel by funding rounds participated
InvestorHQRoundsRoleFirst check
AccelUnited StatesPalo Alto, CA4LeadApr 2020
GVUnited StatesSan Francisco, CA3LeadDec 2020
BedrockUnited StatesLos Angeles, CA3LeadDec 2020
CRVUnited StatesUnited States3ParticipantApr 2020
Geodesic CapitalUnited StatesSan Francisco, CA2ParticipantDec 2020
Tiger GlobalUnited StatesNew York City, NY2ParticipantMay 2024
Notable CapitalUnited StatesSan Francisco, CA2ParticipantMay 2024
Adams Street PartnersUnited StatesChicago, IL1ParticipantSep 2025
Salesforce VenturesUnited StatesSan Francisco, CA1ParticipantSep 2025
General CatalystUnited StatesCambridge, MA1ParticipantSep 2025
GreenoaksUnited StatesSan Francisco, CA1ParticipantDec 2020
SV AngelUnited StatesSan Francisco, CA1ParticipantMay 2024
Jessie FrazelleUnited StatesUnited States1ParticipantApr 2020

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Acquisitions by Vercel

Vercel has acquired 6 companies to date.

Last acquisition by Vercel was on July 15th 2026. Vercel acquired Stakpak for undisclosed valuation.


Latest Acquisitions by Vercel

Stakpak
Better Auth
NuxtJS
ModelFusion
Description
Stakpak is an AI-powered DevOps integrated development environment designed for software engineers building infrastructure as code. It automates provisioning of cloud resources on AWS, Azure, and Google Cloud Platform using natural language prompts and GitOps workflows. The tool generates Terraform configurations and Kubernetes manifests while ensuring compliance with security standards like CIS benchmarks. San Francisco-headquartered Stakpak supports teams at scale with collaborative features and CI/CD pipeline integrations via GitHub Actions and Jenkins. Introduced in 2023, it accelerates deployment cycles for production-ready systems in startups and enterprises.
Better Auth is an open-source authentication library for Next.js and React applications featuring email/password, social logins via Google and GitHub, and multi-factor options. Released in 2023, the TypeScript toolkit handles sessions, JWTs, and role-based access without external services like Auth0. Better Auth integrates with databases such as Supabase and Prisma for developer-friendly setup.
NuxtJS is an open-source meta-framework built on Vue.js for developing server-side rendered web applications. Created in 2016, it incorporates Vue Router, Vuex, and Webpack for optimized performance. NuxtJS powers e-commerce sites and dashboards with automatic code splitting and SEO-friendly routing, used by developers worldwide.
-
HQ CountryUnited StatesUnited StatesFrance-
HQ City
Wilmington, DE
San Francisco, CA
Bordeaux
-
Deal Date15 Jul 20266 Jul 20269 Jul 20252 May 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Vercel

Vercel has invested in 8 companies to date.

Latest investment by Vercel was on October 1st 2026. Vercel invested in Photon in their $5M Seed round.


Latest Investments by Vercel

Photon
NanoCo AI
Hacktron AI
Raindrop
Description
Photon is a software company that builds an open-source framework for connecting AI agents to messaging channels such as iMessage, WhatsApp, Telegram, Slack, Discord, Instagram, X and SMS/RCS. The framework supports direct messages, group chats, rich media, location sharing and SMS/RCS fallback, and is backed by hosted infrastructure for running agents in production. The website cites 99.95% uptime and a public repository with about 4.6k stars. Developers are the main users, and the company publishes documentation, a blog and a pricing page, which indicates paid tiers on top of the open-source core. Photon is based in San Francisco, California, and was founded in 2025.
NanoCo AI is an Israeli startup that builds enterprise AI agents for real organizations with emphasis on security and human oversight. The company created NanoClaw, an open-source secure AI agent platform.
-
Raindrop is a San Francisco-based provider of monitoring platforms tailored for AI agents. The service tracks performance, detects anomalies, and ensures reliability in AI-driven operations across enterprise deployments. Launched in 2023, it supports scalable oversight for large language models and autonomous systems in production environments.
HQ CountryUnited States--United States
HQ City
San Francisco, CA
-
-
San Francisco, CA
Deal Date1 Oct 202619 May 202612 May 20261 Dec 2025
RoundSeedSeedSeedSeed
Raised$5M$12M$3M$15M
InvestorsLlama Venture; Gradient; Z Fellows; A*; Karman Ventures; HSGBen Golub; Monday.com; Matias Woloski; Slow Ventures; Clutch VC; Clem Delangue; Vanja Josifovski; Valley Capital Partners; Factorial CapitalPlug and Play; Project Europe; Cambridge Enterprise Ventures; Crane Venture PartnersAkshay Kothari; Andrew Hsu; Y Combinator; Lightspeed Venture Partners; Jorn van Dijk; Amjad Masad; Walden Yan; Koen Bok; Figma Ventures; Michele Catasta
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Vercel Competitors

Vercel competitors include listed companies like DigitalOcean and MongoDB, and private ones like Supabase, Baseten, Docker and Netlify.

Public and private companies comparable to Vercel
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SupabaseUnited StatesSan Francisco, CAPrivate--$11B-
DigitalOceanUnited StatesUnited StatesPublicly listed$901M$343M$11B10.0x
BasetenUnited StatesSan Francisco, CAPrivate--$13B-
MongoDBUnited StatesUnited StatesPublicly listed$2.5B($104M)$28B9.0x
DockerUnited StatesSan Francisco, CAPrivate$50M-$2.1B42.0x
NetlifyUnited StatesSan Francisco, CAPrivate--$2B-

Vercel Public Comps

Vercel is still privately-owned, but its public comps include GitLab, Oracle Corp Japan, DigitalOcean, JFrog, Computacenter, Box, Wangsu, Applied Digital, IONOS Group and Akamai.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GitLab$955M($82M)8.2x7.2x(94.7x)48.8x
Oracle Corp Japan$1.8B$581M4.3x4.2x13.5x13.0x
DigitalOcean$901M$343M12.5x10.0x33.0x25.4x
JFrog$532M($67M)20.4x17.1x(160.8x)85.6x
Computacenter$12B$438M0.5x0.4x15.4x10.2x
Box$1.2B$124M5.6x5.2x52.7x16.7x
Wangsu$700M$139M6.3x5.7x31.7x27.2x
Applied Digital$611M($85M)18.2x14.7x(131.4x)53.8x

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Common questions about Vercel

When was Vercel founded?Vercel was founded in 2015.
Where is Vercel headquartered?Vercel is headquartered in San Francisco, CA, United States.
Is Vercel publicly listed?No, Vercel is a private, VC-backed company.
What is Vercel's valuation?Vercel was last valued at $9.3B in its Series F in September 2025.
How much funding has Vercel raised?Vercel has raised $863M across 6 funding rounds.
What was Vercel's last funding round?Vercel's last funding round was a $300M Series F in September 2025, led by Accel and GIC.
Who are Vercel's investors?Vercel's investors include Accel, GV, Bedrock, CRV, Geodesic Capital, Tiger Global, Notable Capital, Adams Street Partners, Salesforce Ventures, General Catalyst and 14 others.
What is Vercel's revenue?Vercel's latest recorded revenue is $200M (September 2025).
What is Vercel's revenue multiple?Vercel's latest valuation implies a 46.5x revenue multiple ($9.3B valuation on $200M of revenue).
Which companies are comparable to Vercel?Companies comparable to Vercel include Supabase, DigitalOcean, Baseten, MongoDB, Docker and Netlify.
How many companies has Vercel acquired?Vercel has acquired 6 companies, including Stakpak, Better Auth, NuxtJS, ModelFusion and Splitbee.
How many companies has Vercel invested in?Vercel has invested in 8 companies, including Photon, NanoCo AI, Hacktron AI, Raindrop, Unikraft, Kernel, Human Behavior and Interfere.
What was Vercel's last investment?In October 2026, Vercel invested in Photon's $5M seed round alongside Llama Venture, Gradient, Z Fellows and 3 other investors.

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