Vercel, a developer-first platform that focuses on increasing developer productivity and satisfaction, raised $250 million in a Series E round, putting its valuation at $3 billion, as calculated by the Prime Unicorn Index.
Accel led the Series E round, which included participation from CRV, GV, Notable Capital, Bedrock, Geodesic Capital, Tiger Global, 8VC, and SV Angel. The round was priced at $73.27 PPPS, up 5.3% from its Series D preferred share price of $69.57. According to Caplight data, since its Series D, Vercel had been trading between $38 and $47 on the secondary markets.
See how Vercel has performed against the Composite Index below.
In Other News…
Boom Technology (DBA: Boom Supersonic) authorized a new Series D-1 round at a price of $66.62 per preferred share, up 26.4% from its Series C and C-1 price of $52.74. This gives the company a pre-money valuation of $1.5 billion. In November 2023, Boom was reported to have raised capital from Saudi Arabia’s Neom Investment Fund; however, an investment amount was not disclosed.