# ReCharge

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/recharge

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.rechargepayments.com
- Total disclosed funding: $277M
- Latest round: Series B (May 6, 2021)
- Investors on record: 4

## About

Founded in 2015 and based in California, US, ReCharge Inc. operates as a subscription payment for an eCommerce company. In January 2021, the company has 15,000 merchant subscriptions and 20 million subscribers worldwide. The company was founded by Oisin O'Connor and in May 2021, the company received USD 277 million in Growth capital funding from Summit Partners, ICONIQ Growth, and Bain Capital Ventures.

The company offers billing and payment management solutions intended to help eCommerce companies in payment method enable to avoid cancelation of orders and reducing customer churn.

In the year 2019 to 2020, the company's revenue generated from USD 5.3 billion.

In May 2021, ReCharge Inc. plans to equip its capital and company building expertise that helps to solve new customer challenges and expand its reach through new products and services.

## Funding rounds

- Series B, May 6, 2021, $227M — Summit Partners, ICONIQ Capital, Gaingels, Bain Capital Ventures
- Series A, Jan 1, 2020, $50M — Summit Partners

## Investors

- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series A, Series B
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B
- Bain Capital Ventures — Series B