Vercel, which sells a cloud-based platform for building and hosting applications and websites, has raised $150 million in Series D funding led by GGV Capital at a valuation of $2.5 billion. This is Vercel’s second funding round in six months, following a $102 million Series C in May led by Bedrock Capital. Vercel has now raised more than $310 million, up from $21 million when The Information...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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