Vercel is a leading cloud platform for frontend developers, best known for creating Next.js, one of the most popular React frameworks.
Founded in 2015, Vercel has transformed how developers build, deploy, and scale modern web applications.
Today, Vercel powers over 4 million websites, including those of major companies like Walmart, Apple, Nike, and Netflix.
So, how significant is Vercel in the rapidly growing professional web development and PaaS market?
Here's a summary of what you'll find out on this page:
- Key Vercel Stats
- Vercel Revenue
- Vercel Market Share
- Vercel Valuation
- Vercel Funding
- Vercel Investors
- Vercel Growth
- Vercel Employees
Key Vercel Stats
- Vercel generated $100 million in annual revenue in 2024.
- Vercel is valued at $3.25 billion following its Series E funding round.
- Vercel has raised a total of $563 million in funding to date.
- Vercel powers more than 4 million websites worldwide.
- Vercel processes 30 billion requests weekly across its platform.
- Vercel has approximately 681 employees as of 2025.
Vercel Revenue
Vercel generated $100 million in annual revenue in 2024. This is an impressive 20x growth from just $5 million in 2020.

Vercel generates revenue through its tiered subscription model, offering free plans for individual developers and paid options for teams and enterprises.
Here's a breakdown of Vercel's revenue growth since 2019:
Year | Vercel Revenue |
---|---|
2019 | $1 million |
2020 | $5 million |
2023 | $50 million |
2024 | $100 million |
Source:
Contrary ResearchVercel holds a 0.047% share of the global Platform as a Service (PaaS) market, which is projected to reach $214.87 billion in 2025.

In comparison to direct competitors in the serverless deployment space, Vercel leads with $100 million in revenue, ahead of Netlify at $75 million (0.035% market share).
Company | Annual Revenue | PaaS Market Share |
---|---|---|
Vercel | $100 million | 0.047% |
Netlify | $75 million | 0.035% |
Other competitors in Vercel's space include AWS Amplify, Cloudflare Pages, Render, Heroku, and broader cloud platforms like AWS, Google Cloud, and Microsoft Azure.
Source:
StatistaVercel Valuation
Vercel has a valuation of $3.25 billion as of May 2024, following its Series E funding round of $250 million.

The company's valuation has massively increased since reaching unicorn status in 2021, with its valuation nearly tripling in just three years.
Here's a table showing Vercel's valuation progression through its funding rounds:
Date | Funding Round | Valuation |
---|---|---|
June 2021 | Series C | $1.1 billion |
November 2021 | Series D | $2.5 billion |
May 2024 | Series E | $3.25 billion |
Vercel Funding
Vercel has raised a total of $563 million in funding across five rounds, with its most recent Series E round securing $250 million in May 2024.

Here's a table showing Vercel's funding rounds since 2020:
Date | Round | Amount Raised | Lead Investor(s) | Valuation |
---|---|---|---|---|
April 2020 | Series A | $21M | Accel, CRV | Not disclosed |
Dec 2020 | Series B | $40M | GV (Google Ventures) | Not disclosed |
June 2021 | Series C | $102M | Bedrock Capital | $1.1B |
Nov 2021 | Series D | $150M | GGV Capital | $2.5B |
May 2024 | Series E | $250M | Accel | $3.25B |
Vercel Investors
Vercel has attracted a wide range of investors, including venture capital firms, strategic tech investors, and notable industry figures.
Some of the most notable Vercel investors include: GV (Google Ventures), Salesforce Ventures, Jordan Walke (React creator), and Nat Friedman (former GitHub CEO).

Here's a table showing Vercel's investor categories and notable investors:
Investor Category | Notable Investors | Strategic Value |
---|---|---|
Lead Venture Capital | Accel, CRV, GV (Google Ventures), Bedrock Capital, GGV Capital (Notable) | Long-term vision and early support |
Growth Investors | Tiger Global, Greenoaks Capital, Geodesic Capital, 8VC | Scaling expertise and global reach |
Strategic Tech Backers | Salesforce Ventures, SV Angel, Flex Capital, Latacora | Industry connections and platform insights |
Key Angel Investors | Jordan Walke (React creator), Nat Friedman (former GitHub CEO) | Technical expertise and developer ecosystem alignment |
Vercel Growth
Vercel has experienced remarkable growth in adoption and usage since its founding, particularly through its Next.js framework.

Here's a list of interesting Vercel growth statistics:
- From April 2020 to May 2023, websites powered by Next.js grew from 35,000 to over 4 million.
- Vercel's technology is downloaded 200 million times per week.
- The platform processes 30 billion requests weekly.
- Vercel's security product mitigates nearly 1 billion security threats weekly.
- Major companies that use Vercel include Walmart, Apple, Nike, Netflix, TikTok, Uber, Lyft, and Starbucks.
- More than 1 million developers use Next.js.
Source:
Contrary ResearchVercel Employees
Vercel has 681 employees worldwide as of April 2025.

The company has been rapidly expanding its workforce to support its growing customer base and product development initiatives.
Source:
LeadIQConclusion
Vercel has established itself as a key player in the web development and PaaS market through its Next.js framework and deployment platform.
With strong revenue growth, substantial funding, and adoption by major enterprises, Vercel is well-positioned to continue shaping how modern web applications are built and deployed.
As AI and performance demands evolve, Vercel is in a good position to continue gaining market share.