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- Vercel
Vercel Revenue, Valuation, Funding & Investors
Vercel is valued at $9.3B as of September 2025, a 46.5x multiple on its last reported $200M revenue.
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
Notable Capital
Bedrock
Tiger Global
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
Website
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.
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2025 | Series F | $9.3B | 46.5x |
| May 2024 | Series E | $3.3B | 32.5x |
| Nov 2021 | Series D | $2.5B | 12.5x |
| Jun 2021 | Series C | $1.1B | 5.5x |
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 moved from $200M in June 2021 to $200M in September 2025, while the revenue multiple moved from 5.5x to 46.5x.
Vercel revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2025 | $200M | $9.3B | 46.5x | Series F |
| May 2024 | $100M | $3.3B | 32.5x | Series E |
| Nov 2021 | $200M | $2.5B | 12.5x | Series D |
| Jun 2021 | $200M | $1.1B | 5.5x | Series C |
* 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2025 | Series F | Accel (lead); GIC (lead); Adams Street Partners; Salesforce Ventures; General Catalyst; StepStone Group; GV; Khosla Ventures; BlackRock; Tiger Global; Notable Capital; Schroders | $300M | $9.3B | - |
| May 2024 | Series E | Accel (lead); SV Angel; GV; 8VC; Geodesic Capital; Bedrock; Tiger Global; CRV; Notable Capital | $250M | $3.3B | Vercel 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 2021 | Series D | GGV Capital (lead); Notable Capital (lead) | $150M | $2.5B | Vercel 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 2021 | Series C | Bedrock (lead) | $102M | $1.1B | Vercel, 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 2020 | Series B | GV (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 2020 | Series A | Accel (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, Notable Capital, Bedrock and Tiger Global.
Lead investors include Accel, GIC, GGV Capital, Notable Capital, Bedrock and 1 other investor.
Vercel Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Apr 2020 | ||
| 3 | Lead | Dec 2020 | ||
| 3 | Lead | Dec 2020 | ||
| 3 | Participant | Apr 2020 | ||
| 3 | Lead | Nov 2021 | ||
| 2 | Participant | Dec 2020 | ||
| 2 | Participant | May 2024 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Dec 2020 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | Apr 2020 | ||
This data is available for Pro users. Sign up to see all 24 Vercel investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Vercel
Vercel has acquired 5 companies to date.
Last acquisition by Vercel was on July 15th 2026. Vercel acquired Stakpak for undisclosed valuation.
Latest Acquisitions by Vercel
| 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. | - | Splitbee is an Amsterdam-based analytics platform tracking website events, conversions, and user funnels without cookies. Launched in 2020, it supports server-side tagging compliant with GDPR and CCPA, integrating with Shopify, WordPress, and React apps for real-time dashboards. | |
| HQ Country | - | ||||
| HQ City | Wilmington, DE | San Francisco, CA | - | Vienna | |
| Deal Date | 15 Jul 2026 | 6 Jul 2026 | 2 May 2024 | 25 Oct 2022 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Vercel acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Vercel
Vercel has invested in 7 companies to date.
Latest investment by Vercel was on May 19th 2026. Vercel invested in NanoCo AI in their $12M Seed round.
Latest Investments by Vercel
| Description | 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. | Unikraft is an open-source platform for building customizable hypervisor-based virtual machines with microsecond boot times. It unbundles kernels and libraries into unikernels for cloud, edge, and IoT deployments, reducing attack surfaces by 99% compared to traditional VMs. Compatible with KVM, Xen, and AWS Firecracker, it accelerates workloads like web servers and ML inference. Founded in 2019 through a Cambridge University spinout, Unikraft partners with Arm and Red Hat. | |
| HQ Country | - | - | |||
| HQ City | - | - | San Francisco, CA | Heidelberg | |
| Deal Date | 19 May 2026 | 12 May 2026 | 1 Dec 2025 | 10 Oct 2025 | |
| Round | Seed | Seed | Seed | Seed | |
| Raised | $12M | $3M | $15M | $6M | |
| Investors | Ben Golub; Monday.com; Matias Woloski; Slow Ventures; Clutch VC; Clem Delangue; Vanja Josifovski; Valley Capital Partners; Factorial Capital | Plug and Play; Project Europe; Cambridge Enterprise Ventures; Crane Venture Partners | Akshay Kothari; Andrew Hsu; Y Combinator; Lightspeed Venture Partners; Jorn van Dijk; Amjad Masad; Walden Yan; Koen Bok; Figma Ventures; Michele Catasta | Fly Ventures; Heavybit; Firestreak Ventures; Mango Capital; First Momentum Ventures | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Vercel investments and their VC round multiples. Start Free Trial | |||||
Vercel Competitors
Vercel competitors include listed companies like DigitalOcean and MongoDB, and private ones like Supabase, Baseten, Docker and Netlify.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $70M | - | $11B | - | ||
| Private | $600M | - | $13B | 21.7x | ||
| Publicly listed | $901M | $343M | $16B | 14.9x | ||
| Publicly listed | $2.5B | ($104M) | $32B | 10.4x | ||
| Private | $50M | - | $2.1B | 42.0x | ||
| Private | - | - | $2B | - |
Vercel Public Comps
Vercel is still privately-owned, but its public comps include GitLab, Oracle Corp Japan, Applied Digital, Computacenter, JFrog, GDS Holdings, GoDaddy, Nextdc, Wangsu and United Internet.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $955M | ($82M) | 7.5x | 6.7x | (87.0x) | 44.3x | |||
| $1.8B | $589M | 3.9x | 3.9x | 12.1x | 12.2x | |||
| $611M | ($85M) | 21.3x | 20.1x | (154.0x) | 78.1x | |||
| $12B | $440M | 0.6x | 0.4x | 16.5x | 12.0x | |||
| $532M | ($67M) | 20.3x | 17.4x | (159.9x) | 88.4x | |||
| $1.7B | $882M | 6.8x | 6.3x | 13.1x | 13.6x | |||
| $5B | $1.3B | 3.1x | 2.9x | 11.7x | 8.9x | |||
| $353M | $138M | 21.9x | 19.2x | 56.0x | 38.3x | |||
This data is available for Pro users. Sign up to see all Vercel competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Vercel
| When was Vercel founded? | Vercel was founded in 2015. |
| Where is Vercel headquartered? | Vercel is headquartered in Los Angeles, 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, Notable Capital, Geodesic Capital, Tiger Global, 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, Baseten, DigitalOcean, MongoDB, Docker and Netlify. |
| How many companies has Vercel acquired? | Vercel has acquired 5 companies, including Stakpak, Better Auth, ModelFusion, Splitbee and Turborepo. |
| How many companies has Vercel invested in? | Vercel has invested in 7 companies, including NanoCo AI, Hacktron AI, Raindrop, Unikraft, Kernel, Human Behavior and Interfere. |
| What was Vercel's last investment? | In May 2026, Vercel invested in NanoCo AI's $12M seed round alongside Ben Golub, Monday.com, Matias Woloski and 6 other investors. |
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