Funding round
Vercel Series E
Vercel, which works in cloud infrastructure services in Covina, raised $250M in a Series E round announced on 16 May 2024, led by Accel, at a $3.25B post-money valuation. 13 firms took part. It is Vercel's fourth venture round on record; the one before was a Series D in Nov 2021.
$250M
Amount raised
$3.25B
Post-money valuation
13
Investors
1 lead
1.3x
Step-up from the Series D
$2.50B in Nov 2021
7.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Vercel at $3.25B after the new money, 1.3 times the $2.50B of its Series D (Nov 2021). The $250M bought investors about 7.7% of the company. It came 30 months after Vercel's Series D. It is 30% of the $823M Vercel has raised in the venture rounds on record. Vercel raised again 16 months later: a Series F round of $300M in Sep 2025, at $9.30B post-money.
Vercel's funding rounds
Vercel has 5 venture rounds on record. This one is highlighted.
- Series A 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 this round 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 led the round with 12 other firms.
Lead investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- CRV backs 177 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- backs 38 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- Tiger Global new investor
- 8VC new investor
- SV Angel backs 293 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- Angels of Many new investor
- Ground Control Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations, hiring, geographic expansion, sales and marketing, acquisitions and working capital.
- Product development
- Scaling operations
- Hiring
- Geographic expansion
- Sales and marketing
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Altruist Investment Consultants & Financial Advisors | 2 May 2024 | $169M | $1.50B | ICONIQ Growth |
| Tech Companies | 15 May 2024 | $140M | $1.60B | Valor |
| Insurance - Agents, Carriers & Brokers | 15 May 2024 | $80M | not disclosed | Spark Capital |
| Insurance - Agents, Carriers & Brokers | 14 May 2024 | $15M | not disclosed | Canaan and New Leaf Venture Partners |
| Loans & Financing | 26 Jun 2024 | $1.22B | not disclosed | not named |
| Tech Companies | 30 Apr 2024 | $150M | $900M | Accel |
| Electric Supplies & Power Generation | 11 Jun 2024 | $136M | not disclosed | Export Development Canada |
| Pharmaceutical Products | 12 Jun 2024 | $100M | not disclosed | Alerce Medical Technology Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Vercel raise in its Series E round?
Vercel raised $250M in its Series E round, announced in May 2024.
Who led Vercel's Series E round?
Accel led it, with CRV, GV, Notable Capital, Bedrock and Geodesic Capital and 7 more.
What was Vercel's valuation at the Series E round?
$3.25B post-money.
Did Vercel raise again after this round?
Yes: a Series F round in Sep 2025 of $300M at $9.30B post-money.