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Recharge Announces $277 Million In Growth Capital From Summit Partners, Iconiq Growth And Bain Capital Ventures To Power E-Commerce Subscriptions

May 06, 2021•about 4 years ago

Amount Raised

$277 Million

Santa Monica

Description

ReCharge, the leader in subscription e-commerce, today announced that it has raised $277 million in growth capital from Summit Partners, ICONIQ Growth, and Bain Capital Ventures. Founded in 2014, the company was self-funded for over five years before accepting outside financing. The company also announced the appointment of Andrew Collins, Managing Director at Summit Partners to its Board of Directors, and Aaref Hilaly, Partner at Bain Capital Ventures, and Yoonkee Sull, Partner at ICONIQ Growth will join the company as Board Observers.

Company Information

Company

Recharge

Location

Santa Monica, California, United States

About

ReCharge is the leading provider of subscription management software for e-commerce. Since 2014, merchants of all sizes have used ReCharge’s billing and payment management solutions to grow their business by increasing customer lifetime value and reducing customer churn. Today, ReCharge powers subscriptions for nearly 20 million subscribers across 15,000 merchants, including fast-growing brands such as Harry’s, Oatly, Fiji Water, Billie, and Native. Though based in Santa Monica, CA, the remote-first company is distributed across 10 countries around the world. ReCharge is privately funded by Summit Partners, ICONIQ Growth, and Bain Capital Ventures. For more information, visit: https://rechargepayments.com/.

Funding Insights

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