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.
This is a significant milestone in Laravel's life cycle and the first time it ever raised funding in its 13-year history. Partnering with Accel has enabled Laravel to create seasoned teams of software engineers, leading to the development of Laravel Cloud and other products that will be announced at Laracon AU in November. This investment is a major shift that sets the stage for the future growth of this framework and paves the way for groundbreaking innovations in the years ahead.
Despite this influx of funding, Otwell assures the community that Laravel remains committed to its open-source roots and has hired additional engineers who are dedicated to the framework's support and contribution, ensuring that the platform stays a collaborative solution. Its support of open-source initiatives has resulted in recently announced Inertia 2.0 and a new first-party VS Code extension. This ambition to strike the right balance between commercial success and open-source values sets Laravel apart from other technologies that are gradually shifting towards paid services.
The partnership with Accel means more than just financial backing: it’s about expanding the platform’s capabilities and functionalities and positioning Laravel as an up-and-coming leader ready to reach new heights. This investment also opens possibilities for team expansion and an increase in the talent pool. More talents—more innovative solutions ahead. Taylor Otwell remains at the helm as CEO, continuing to guide the framework's direction while Accel provides strategic support, particularly in scaling products and enhancing developer tools.
The company is ready for expansion with an emphasis on open-source development and a new cloud platform. Laravel knows that staying important necessitates continuous change and is setting itself up for future success by investing in its cloud platform and growing its team. With this new chapter, Laravel is poised to redefine how developers build and deploy applications, making it a more compelling choice for the next generation of web development.
