Vercel Acquires Tekedia Capital Portfolio, Better Auth

Ethiopian Startup Better Auth Acquired by Vercel After USD 5 M Seed Round

Better Auth, an open-source authentication platform founded in 2024 by Ethiopian entrepreneur Bereket Engida, has been acquired by US cloud platform Vercel for an undisclosed amount. Founded in Addis Ababa, Ethiopia, Better Auth enables developers to integrate authentication features such as sign-in, role management and password resets directly into applications while retaining control of user data. The acquisition comes about a year after the s…

Vercel acquires Ethiopian-founded Better Auth

Vercel, a US software platform, has acquired an Ethiopian-founded cybersecurity startup, Better Auth, for an undisclosed sum. Founder Bereket Engida will join Vercel along with Better Auth’s core team, an announcement from Vercel revealed.  Engida, a self-taught developer, founded Better Auth in 2024 as an open-source authentication and authorisation framework. The startup’s success earned it a place in Y Combinator in 2025 and $5.5 million in s…

Vercel Acquires Tekedia Capital Portfolio, Better Auth

Good People, it is with great excitement that I announce the acquisition of one of our portfolio companies, Better Auth, by the industry-leading decacorn, Vercel. Founded by a self-taught tech prodigy from Ethiopia, Better Auth has ascended to become a preeminent force in open-source authentication. Tekedia Capital congratulates the Better Auth team and looks forward […] The post Vercel Acquires Tekedia Capital Portfolio, Better Auth appeared fi…