Funding round
Vercel Series A
Vercel, which works in cloud infrastructure services in Covina, raised $21M in a Series A round announced on 21 Apr 2020, led by Accel and CRV. 2 firms took part. It is Vercel's first venture round on record.
$21M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Vercel did not disclose a valuation in this round. It is 2.6% of the $823M Vercel has raised in the venture rounds on record. Vercel raised again 14 months later: a Series C round of $102M in Jun 2021, at $1.10B post-money.
Vercel's funding rounds
Vercel has 5 venture rounds on record. This one is highlighted.
- Series A this round 21 Apr 2020, led by Accel and CRV $21M
- Series C 23 Jun 2021, led by Bedrock and CRV $102M$1.10B post-money
- Series D 23 Nov 2021, led by GGV Capital $150M$2.50B post-money
- Series E 16 May 2024, led by Accel $250M$3.25B post-money
- Series F 30 Sep 2025, led by Accel and GIC $300M$9.30B post-money
Investors
Who put money in
Accel and CRV led the round.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 17 Dec 2019 | $21M | not disclosed | Andreessen Horowitz |
| Hosting & Cloud Infrastructure Providers | 25 Nov 2020 | undisclosed | not disclosed | Monashees and Qualcomm Ventures |
| Hosting & Cloud Infrastructure Providers | 23 May 2019 | $22M | not disclosed | Andreessen Horowitz |
| Hosting & Cloud Infrastructure Providers | 3 May 2019 | $8.9M | not disclosed | Earlybird |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Vercel raise in its Series A round?
Vercel raised $21M in its Series A round, announced in Apr 2020.
Who led Vercel's Series A round?
Accel and CRV led it.
What was Vercel's valuation at the Series A round?
It was not disclosed.
Did Vercel raise again after this round?
Yes: a Series C round in Jun 2021 of $102M at $1.10B post-money.