Funding round
Vercel Series F
Vercel, which works in cloud infrastructure services in Covina, raised $300M in a Series F round announced on 30 Sep 2025, led by Accel and GIC, at a $9.30B post-money valuation. 12 firms took part, 6 of them already investors. It is Vercel's fifth venture round on record; the one before was a Series E in May 2024.
$300M
Amount raised
$9.30B
Post-money valuation
$9.00B pre-money
12
Investors
2 leads
2.9x
Step-up from the Series E
$3.25B in May 2024
3.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Vercel at $9.30B after the new money, 2.9 times the $3.25B of its Series E (May 2024). The $300M bought investors about 3.2% of the company. It came 16 months after Vercel's Series E. It is 36% of the $823M Vercel has raised in the venture rounds on record. No later venture round is on record for Vercel.
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 16 May 2024, led by Accel $250M$3.25B post-money
- Series F this round 30 Sep 2025, led by Accel and GIC $300M$9.30B post-money
Investors
Who put money in
Accel and GIC led the round with 10 other firms. Accel, GIC, GV and Notable Capital and 2 more had backed Vercel before.
Lead investors
Also in the round
- BlackRock new investor
- StepStone new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- Schroders new investor
- Adams Street Partners backs 61 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- GV backs 428 venture-backed companies existing investor
- backs 44 venture-backed companies existing investor
- Salesforce Ventures backs 314 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Hosting & Cloud Infrastructure Providers, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kavak Hosting & Cloud Infrastructure Providers | 17 Feb 2026 | $300M | $8.70B | Andreessen Horowitz and WCM Investment Management |
| Crusoe Hosting & Cloud Infrastructure Providers | 17 Sep 2026 | $3.90B | $30.90B | Atreides Management and Mubadala Capital |
| Anthropic Tech Companies | 2 Sep 2025 | $13.00B | $183.00B | ICONIQ and Lightspeed Venture Partners |
| Judi Health Insurance - Agents, Carriers & Brokers | 23 Sep 2025 | $400M | $3.25B | Wellington Management and General Catalyst |
| Uniphore Tech Companies | 22 Oct 2025 | $260M | $2.50B | NVIDIA and AMD |
| Whatnot Tech Companies | 28 Oct 2025 | $225M | $11.50B | DST Global and CapitalG |
| Human Interest Retirement Planning | 31 Oct 2025 | $100M | $3.00B | not named |
| Tech Companies | 5 Nov 2025 | $100M | $700M | Goldman Sachs and A91 Partners |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Vercel raise in its Series F round?
Vercel raised $300M in its Series F round, announced in Sep 2025.
Who led Vercel's Series F round?
Accel and GIC led it, with BlackRock, StepStone, Khosla Ventures, Schroders and Adams Street Partners and 5 more.
What was Vercel's valuation at the Series F round?
$9.30B post-money ($9.00B pre-money).