“Like AWS for the frontend” — company launches optimized workflows for front end development teams, improving team collaboration and improving site performance; investors include creator of React and CEO of GitHub
SAN FRANCISCO, April 21, 2020 (GLOBE NEWSWIRE) — Vercel, a startup founded by the creators of the popular Next.js web framework, today announced it has raised $21 million, closing a series A funding led by Accel, CRV, and additional investors including React creator Jordan Walke, and GitHub CEO Nat Friedman.
Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business.
Founded in 1983, Accel brings more than three decades of experience building and supporting hundreds of companies. Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries.
Accel-backed companies include Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Supercell, Vox Media and others.
CRV has been a leading investor in high-growth technology companies for nearly half a century, focusing on enterprise, consumer and bioengineering. The firm has backed over 400 startups in its nearly 50-year history, including some of the biggest tech exits in the last few years including Dropbox, PillPack, Ring, Twitter, and Zendesk. CRV has offices located in San Francisco and Palo Alto, CA, and Cambridge, MA. Please visit CRV.com for more information and follow us on Twitter @CRV.
Vercel Media Contact
Lonn Johnston, Flak42
P. +1 650.219.7764
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