Vercel Announces $ 102 Million Series C Funding to Grow Team Globally and Accelerate Innovation and Adoption of Leading Frontend Development Platform

SAN FRANCISCO – (COMMERCIAL THREAD) – Vercel, a platform for developing, previewing and delivering websites, from single static pages to applications with billions of dynamic pages, and creator of Next.js, the leading React and JavaScript framework for front-end web development , announced today that it has secured $ 102 million in Series C financing in a round led by Bedrock Capital with participation from existing investors Accel, CRV, Geodesic Capital, Greenoaks Capital and GV. New investors include 8VC, Flex Capital, GGV, Latacora, Salesforce Ventures and Tiger Global. The new funding, which brings the total raised to $ 163 million, will be used to scale the Vercel team on a global scale, accelerate research and development, spur platform innovation and accelerate production. adoption. Companies such as Carhartt, Github, IBM, McDonald’s, Uber, Facebook and many others are deploying their frontends with the Vercel platform.

Vercel and Next.js have grown since the first Next.js conference held in October 2020. Next.js open source contributors have grown to over 1,600, increasing downloads on NPM from 4 , 1 million to 6.2 million. Traffic to all sites and applications in the Vercel edge network doubled, weekly deployments quadrupled, and the number of homepages among the world’s 10,000 largest websites using Next.js increased by 50%.

“Vercel is leading a market transition through which we see the majority of the added value in the development of web and cloud applications being delivered upstream, closer to the user, where real experiences are realized and appreciated, ”said Geoff Lewis, Founder and Managing Partner at Bedrock. “We are extremely excited to be working closely with Guillermo and the outstanding team he has assembled to move this revolution forward and we are very happy to have been able to lead this round. ”

“Guillermo continues to be at the forefront of modern web development and has assembled a team uniquely positioned to implement his vision,” said Reid Christian, General Partner of CRV. “Developers face increased demands from end consumers for the products they build and the competitive industries in which they operate. Only Vercel combines close collaboration with companies like Google and Facebook with the necessary development and delivery technologies to help developers improve their performance. We are excited about the future of Vercel and are delighted to continue supporting the company.

Vercel combines the best developer experience with an obsessive focus on end user performance. The Vercel platform allows frontend teams to do their best and is the best place to deploy any frontend application. Developers can start by deploying without configuration on Vercel’s worldwide peripheral network and dynamically scale up to millions of pages. Developers love Next.js, the open source React framework that Vercel built with Google and Facebook. Next.js powers the world’s largest websites, including TikTok, Hulu, Ticketmaster, Staples, and Marvel, for use cases like e-commerce, travel, news, and marketing.

“I joined Vercel because I saw a place and a team that worked both intensely and enthusiastically together to solve some of the biggest scaling and performance issues that web developers face for creating the next big thing, ”said Matheus Fernandes, IT manager at Vercel. “The combination of broad vision and flawless execution is inspiring on a daily basis and I’m happy to be a part of it. I would recommend Vercel to anyone who is truly committed to creating change for the better for the future of the web.

“The strong traction that Vercel has generated in the market today now comes from the combination of our growing and incredibly innovative community, the strength of our team and internal innovation, and the strong support of our investors, who not only serve of financial but also of criticism. strategic advisers ”, declared Guillermo Rauch, CEO of Vercel. “We are very happy to have been able to put together this unrivaled list of contributors for this round. We look forward to using these resources to hire the best talent in the business and further develop the platform to help developers build the next big thing fast. ”

About Vercel

Vercel is the leading advocate and enabler of the front-end developer experience, having created the best platform to deploy any front-end website or application, and Next.js, the most popular React framework. Vercel provides unparalleled vertical integration, from developer experience to edge delivery, with the industry’s most advanced development tools paired with parallel computing in a serverless cloud environment delivering a fully managed and highly automated experience for business owners. developers and users. Companies such as Carhartt, Github, Hulu, IBM, McDonald’s, Uber and Facebook are deploying their frontends with the Vercel platform. Vercel (Twitter @vercel) is headquartered in San Francisco.

About Bedrock Capital

Bedrock is a technology investment firm launched in 2018 with approximately $ 1 billion in assets under management. The company or its founders were among the early investors in category-defining companies including Lyft, Nubank, Tilray, Workrise, Canva, Epirus, Cameo, Flock Safety, Ripppling and Upstart.

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