Web development software startup Vercel raised $150 mn

Web development software startup Vercel has raised $150 million led by GGV Capital, while Accel, Tiger Global, and Salesforce Ventures also participated in the round.
Dollar spending on technology
The San Francisco-based company has raised $313 million in total.

Vercel’s Next.js – an open-source framework for web development that the company created with Alphabet Google and Facebook – is used by websites such as TikTok, Hulu and TripAdvisor.