---
title: "Vercel revenue and valuation"
description: "Vercel's ARR is estimated at $500M–$720M, last reported at $600M. Valued at $9.3B after raising $863M. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/vercel.md
canonical_url: https://www.tryspecter.com/revenue-valuation/vercel
publisher: Specter
last_updated: 2026-11-01
---

# Vercel revenue and valuation

Specter estimates Vercel's annual revenue at $500M to $720M and its valuation at $8.85B to $12B. The company last reported $600M ARR in October 2026 and was priced at $9.3B in September 2025.

Vercel is a SaaS developer platform for deploying frontend apps with serverless, edge, and AI.

- Estimated revenue: $500M to $720M (October 2026)
- Estimated valuation: $8.85B to $12B (October 2026)
- Last reported ARR: $600M (October 2026)
- Total funding: $863M
- Founded: 2015
- Headquarters: San Francisco, United States
- Employees: 1,027
- Sector: Dev tools
- Specter Rank: #38,230

## Vercel revenue

Vercel grew from $200M ARR in November 2025 to $600M in October 2026. Specter's model puts current ARR between $500M and $720M, anchored to three reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $600M ARR | October 2026 | [Vercel is generating $600 million in annualized revenue, up 148% from a year earlier, as coding agents become a major source of new busines…](https://x.com/theinformation/status/2106451724663714294) (x.com) |
| $500M ARR | September 2026 | [I am happy to announce that I have joined Vercel this week to help scale EMEA enterprise adoption across Northern Europe.](https://www.linkedin.com/posts/eoincosgrave_i-am-happy-to-announce-that-i-have-joined-activity-7501375240879616001-M4va) (linkedin.com) |
| $200M ARR | November 2025 | [After nearly four years, my journey at Vercel has come to an end 🤝](https://www.linkedin.com/posts/arikbird_after-nearly-four-years-my-journey-at-vercel-activity-7392317494801313792-T6DZ) (linkedin.com) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $600M | $500M | $720M |
| September 2026 | $500M | $420M | $600M |
| August 2026 | $470M | $290M | $780M |
| July 2026 | $450M | $300M | $650M |
| June 2026 | $420M | $300M | $590M |
| May 2026 | $400M | $290M | $540M |
| April 2026 | $380M | $290M | $500M |
| March 2026 | $360M | $270M | $460M |
| February 2026 | $340M | $260M | $430M |
| January 2026 | $320M | $260M | $390M |
| December 2025 | $300M | $250M | $360M |
| November 2025 | $200M | $101M | $300M |
| October 2025 | $200M | $102M | $310M |
| September 2025 | $200M | $102M | $310M |
| August 2025 | $200M | $85M | $310M |
| July 2025 | $200M | $86M | $320M |
| June 2025 | $200M | $135M | $300M |
| May 2025 | $195M | $86M | $300M |
| April 2025 | $200M | $124M | $320M |
| March 2025 | $197M | $95M | $300M |
| February 2025 | $194M | $93M | $300M |
| January 2025 | $158M | $92M | $220M |
| December 2024 | $146M | $82M | $210M |
| November 2024 | $135M | $75M | $195M |
| October 2024 | $129M | $75M | $183M |
| September 2024 | $200M | $116M | $340M |
| August 2024 | $148M | $69M | $230M |
| July 2024 | $140M | $78M | $200M |
| June 2024 | $137M | $79M | $196M |

## Vercel valuation

Vercel's valuation rose from $1.1B at its Series C in June 2021 to $9.3B at its Series F in September 2025. Specter's live estimate sits between $8.85B and $12B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $10.3B | $8.85B | $12B |
| September 2026 | $9.52B | $7.23B | $12.6B |
| August 2026 | $9.51B | $7.32B | $12.3B |
| July 2026 | $9.79B | $7.79B | $12.3B |
| June 2026 | $9.34B | $7.49B | $11.7B |
| May 2026 | $9.44B | $7.69B | $11.6B |
| April 2026 | $9.3B | $7.74B | $11.2B |
| March 2026 | $9.3B | $6.98B | $12.4B |
| February 2026 | $9.3B | $7.09B | $12.2B |
| January 2026 | $9.3B | $7.2B | $12B |
| December 2025 | $9.3B | $7.42B | $11.7B |
| November 2025 | $9.3B | $7.56B | $11.4B |
| October 2025 | $9.3B | $7.74B | $11.2B |
| September 2025 | $9.3B | $7.74B | $11.2B |
| August 2025 | $8.71B | $5.74B | $13.2B |
| July 2025 | $8.15B | $5.3B | $12.6B |
| June 2025 | $7.64B | $4.95B | $11.8B |
| May 2025 | $7.15B | $4.81B | $10.6B |
| April 2025 | $6.7B | $4.55B | $9.85B |
| March 2025 | $6.27B | $4.32B | $9.1B |
| February 2025 | $5.87B | $4.18B | $8.24B |
| January 2025 | $5.5B | $4.04B | $7.48B |
| December 2024 | $5.15B | $3.96B | $6.69B |
| November 2024 | $4.82B | $3.76B | $6.17B |
| October 2024 | $4.51B | $3.45B | $5.9B |
| September 2024 | $4.23B | $3.26B | $5.48B |
| August 2024 | $3.96B | $3.16B | $4.96B |
| July 2024 | $3.71B | $3.05B | $4.5B |
| June 2024 | $3.47B | $2.89B | $4.16B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $9.3B | April 2026 | [mezha.net](https://mezha.net/eng/bukvy/vercel_tripled_arr/) |
| $9.3B | October 2025 | [businesstimes.com.sg](https://www.businesstimes.com.sg/startups-tech/startups/ai-coding-startup-vercel-notches-us9-3-billion-valuation-latest-funding-round-led-gic) |
| $9.3B | September 2025 | Funding round |
| $3.25B | May 2024 | Funding round |
| $2.5B | November 2021 | Funding round |
| $1.1B | June 2021 | Funding round |

## Vercel funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 30 Sep 2025 | Series F | $300M | $9.3B | Accel, GIC |
| 16 May 2024 | Series E | $250M | $3.25B | Accel |
| 23 Nov 2021 | Series D | $150M | $2.5B | Notable Capital, GGV Capital |
| 23 Jun 2021 | Series C | $102M | $1.1B | Bedrock |
| 16 Dec 2020 | Series B | $40M | Undisclosed | Google Ventures |
| 21 Apr 2020 | Series A | $21M | Undisclosed | Accel |
| 1 Jan 2018 | Series A | Undisclosed | Undisclosed | Undisclosed |

## Vercel vs competitors

The web deployment market splits between frontend workflows and infrastructure management.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Vercel | $500M–$720M | $8.85B–$12B |
| Netlify (netlify.com) | $33M–$119M | $340M–$930M |
| Render (render.com) | $21M–$132M | $1.47B–$1.96B |
| Replit (replit.com) | $410M–$620M | $8.31B–$11.8B |
| Railway (railway.com) | $83M–$120M | $820M–$1.94B |

## Questions

### What is Vercel's revenue?

Specter estimates Vercel's annual recurring revenue at $500M to $720M as of October 2026. Vercel last reported $600M ARR in October 2026, up from $200M in November 2025.

### What is Vercel's valuation?

Vercel's latest post-money valuation is $9.3B, from a September 2025 Series F. Specter's live estimate is $8.85B to $12B.

### How much funding has Vercel raised?

$863M across seven rounds, from a Series A in January 2018 to a $300M Series F in September 2025.

### Who invested in Vercel?

30 investors, including Accel, Bedrock, GGV Capital, GIC, Google Ventures and Notable Capital.

### Who are Vercel's competitors?

Netlify, Render, Replit and Railway. Specter ranks 30 competitors for Vercel.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Vercel revenue and valuation." tryspecter.com/revenue-valuation/vercel. Updated November 2026.