The round, which brought the total capital raised to date to $163M, was 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 company intends to use the funds to scale the team globally, accelerate research and development, drive platform innovation and accelerate adoption.
Led by Guillermo Rauch, CEO, Vercel is an enabler of frontend developer experience, having created a platform to deploy any frontend website or application, which allows developers to start by deploying with zero configuration to the Vercel global edge network and scale dynamically to millions of pages. Companies including Carhartt, Github, Hulu, IBM, McDonald’s, Uber and Facebook deploy their frontends with the Vercel platform.
Next.js is an open source React framework built together with Google and Facebook that powers the world’s largest web sites including TikTok, Hulu, Ticketmaster, Staples and Marvel for use cases including e-commerce, travel, news and marketing.