Vercel raised $300M Series F venture round, led by GIC at a $3.25B post-money valuation.
Vercel's Series F round raised $300 million in September 2025, led by GIC, Singapore's sovereign wealth fund. The round valued the company at approximately $3.25 billion post-money, bringing Vercel's total funding to $863 million across six rounds since 2020. The round attracted an unusually diverse investor base spanning sovereign wealth (GIC), traditional venture capital (Accel, General Catalyst, Khosla Ventures, CRV, Menlo Ventures), growth equity (Tiger Global), corporate venture (Salesforce Ventures), and institutional allocators (BlackRock, Adams Street Partners, Schroders, StepStone Group). A total of 23 investors participated, signaling broad confidence in Vercel's position as a critical developer infrastructure platform. Vercel is a cloud platform for frontend frameworks and static sites, best known as the creator of Next.js, the most widely adopted React framework. The company has expanded into AI-powered development tools, edge computing, and enterprise infrastructure.
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| Angel | Adam Marchick | |
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This company has completed 6 funding rounds. Current round is highlighted.
Total Raised
$863M
Top Valuation
$9.3B
Vercel raised $300 million in its Series F round, announced on September 30, 2025. The round was led by GIC, Singapore's sovereign wealth fund.
Vercel was valued at approximately $3.25 billion post-money following the Series F round, with a pre-money valuation of $3.0 billion.
GIC, Singapore's sovereign wealth fund, led the Series F round. Other major participants include Accel, BlackRock, General Catalyst, Tiger Global Management, Khosla Ventures, and Salesforce Ventures.
Vercel has raised approximately $863 million across six funding rounds (Series A through Series F) since 2020.
Vercel's $300 million Series F, led by Singapore's sovereign wealth fund GIC, marks one of the largest developer tools raises of 2025. The round values the company at $3.25 billion post-money, a modest step up from its Series E valuation, reflecting the broader recalibration of growth-stage pricing that has defined the 2024-2025 market.
The round brought together an unusually diverse investor base: GIC as lead alongside existing backers Accel, Tiger Global Management, and General Catalyst, with new participants like BlackRock, Adams Street Partners, Schroders, and StepStone Group. The presence of large institutional allocators (not just traditional VCs) signals that Vercel is transitioning from a venture-backed growth company to an infrastructure-grade platform that appeals to long-duration capital.
Khosla Ventures and Salesforce Ventures also participated, indicating strong strategic interest from both the pure venture and corporate ecosystem sides. CRV, Menlo Ventures, and Forerunner Ventures maintained their positions from earlier rounds.
The $3.25B post-money valuation represents a 30% premium over the Series C ($1.1B in June 2021) but only a marginal increase from the Series E ($3.25B in May 2024). This flat-to-modest appreciation between the E and F rounds likely reflects two dynamics: Vercel choosing to raise at a reasonable price to attract quality long-term investors, and the broader market's continued discipline on late-stage multiples.
Vercel has been aggressively expanding beyond its Next.js hosting roots into a full-stack developer cloud. Recent moves include AI-powered development tools (v0), edge computing infrastructure, and enterprise features that compete directly with Cloudflare, Netlify, and AWS Amplify. The Series F capital likely targets: continued AI integration across the development workflow, enterprise sales expansion (particularly into regulated industries), and potential M&A to consolidate the frontend cloud ecosystem.