Laravel raises a $57 million Series A from Accel

Taylor tweeted this morning:

"I'm excited to announce that Laravel has raised a $57M Series A in partnership with Accel."

"I believe that Laravel is the most productive way to build full-stack web applications, and Laravel Cloud will be the platform for shipping those applications that this community deserves."

Partnering with Accel has allowed Laravel start building a world-class engineering and leadership team that has resulted in Laravel Cloud (demoed at Laracon) and also another product that will be announced at Laracon AU in November.

He also follows up with some important takeaways from the announcement.

First, I’m not going anywhere. I’m still leading Laravel as CEO, and I’m working closely with all of our teams to ensure we’re building the best products possible for our community.

Second, we remain committed to open source. Since partnering with Accel, we’ve hired additional engineering support dedicated to open source development. I also remain the primary curator of all features in the Laravel framework. Inertia 2.0 and our first-party VS Code extension are a direct result of our increased open source engineering capacity. Accel deeply understands open source and developer focused tooling, with previous investments in Sentry, Vercel, and Linear.

For more info on this, they've made a special announcement video with answers to some common questions:

**Where is the money going? **

Scaling up the team by hiring in many positions and building out the new Laravel Cloud. Also, they are putting paid employees on the open source side to continue working, building, and making Laravel even better.

This is a breaking story and we will update this as more information is out.

The post Laravel raises a $57 million Series A from Accel appeared first on Laravel News.

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