Vercel, creator of the Next.js React framework, has secured $102 million in Series C funding in a round 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 new funding, which brings the total raised to $163M, will be used to scale the Vercel team globally, accelerate research and development, drive platform innovation and accelerate adoption. Companies including Carhartt, Github, IBM, McDonald’s, Uber, Facebook and many others deploy their frontends with the Vercel platform.
Vercel and Next.js have gained strong momentum since the first Next.js Conf was held in October 2020. Next.js open-source contributors have grown to more than 1,600, driving downloads on NPM from 4.1M to 6.2M. According to the company, traffic to all sites and apps on the Vercel edge network has doubled, weekly deploys have quadrupled and the number of homepages among the 10,000 largest websites in the world using Next.js has grown by 50%.
Next.js powers the world’s largest web sites including TikTok, Hulu, Ticketmaster, Staples and Marvel for use cases including e-commerce, travel, news and marketing.