Series F represented close to a 3x step-up from the May 2024 Series E ($3.25B to $9.3B), reflecting enterprise adoption of Next.js/its frontend cloud and AI-tooling (v0) traction. Revenue reportedly crossed ~$305M ARR by end-2025 and ~$340M ARR by Feb 2026, implying a roughly 30x revenue multiple at the anchor valuation. No new funding round found since Sept 2025; 2026 corporate activity has been acquihires (BetterAuth, Stakpak) rather than new capital raises.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series C | 2021-06-23 | $1.1B | Bedrock Capital (also Accel, CRV, 8VC, Tiger Global) |
| Series D | 2021-11-23 | $2.5B+127% | GGV Capital (also Accel, Bedrock Capital, CRV, Geodesic Capital, Greenoaks, GV, 8VC, Flex Capital, Latacora, Salesforce Ventures, Tiger Global, SV Angel) |
| Series E | 2024-05-01 | $3.2B+30% | Accel (also CRV, GV, Notable Capital, Bedrock, Geodesic Capital, Tiger Global, 8VC, SV Angel) |
| Series F | 2025-09-29 | $9.3B+186% | Co-led by Accel and GIC (new investors BlackRock, StepStone, Khosla Ventures, Schroders, Adams Street Partners, General Catalyst) |
No upcoming rounds currently reported.
| Status | S-1 Not Filed |
|---|---|
| Timing | 2027 (lower-confidence, unverified secondhand quote) |
| Notes | CEO Guillermo Rauch: Vercel is 'getting more ready every day' but declined to give a timeline ('no perfect timeline or quarter I can give'). |
| Source | TechCrunch, Apr 13 2026 |
These are cited news signals only, not a PrePost prediction — year/valuation forecasting is on the roadmap but not live yet.
Transparent, formula-based composite (not machine-learned) of five signals: raise velocity, round acceleration, secondary premium/discount vs. the last primary round, up-round streak, and freshness of the last known mark.