Recurly
Latest round
- Series B
Last raised
- Oct 2014
Total raised
- $20M
Investors
- 7
About Recurly
Recurly, Inc.Founded in 2009, Recurly, Inc. specializes in subscription management and recurring billing solutions. The company is based in San Francisco, US. Dan Burkhart, who has experience in tech startups, is the CEO.Recurly operates as a leading subscription management software and recurring billing platform, designed to streamline the complexities associated with subscription-based businesses. Their core product offerings encompass Recurly Subscriptions, Recurly Commerce, Recurly Engage, and Recurly RevRec, which collectively facilitate subscription lifecycle management, optimize sales on platforms like Shopify, drive upsells and product adoption, and automate revenue recognition. These solutions cater to a diverse clientele, including SaaS companies, consumer goods retailers, and streaming media services, enabling them to effectively manage subscriber retention, reduce churn, and enhance overall revenue growth.Recurly generates revenue primarily through its subscription-based model, wherein clients pay for access to its suite of products and services. Clients, which include both enterprise-level businesses and small to medium-sized enterprises, engage with Recurly by subscribing to its various offerings tailored to their needs. For instance, a SaaS company may utilize Recurly Subscriptions for lifecycle management and opt for Recurly Engage to enhance customer retention, while a retail business could leverage Recurly Commerce to boost subscription sales via Shopify. Revenue is structured around these subscription tiers, allowing clients to scale their usage based on business growth and requirements.Recurly plans to enhance its product offerings with new features aimed at improving the user experience and increasing customer retention. The company is also looking to expand into new markets, specifically targeting regions in Europe and the Asia-Pacific by 2022.5 mn will be utilized to support these initiatives, particularly in product development and market expansion efforts. In August 2020, Accel-KKR acquired a majority stake in Recurly, Inc.
Who invested in Recurly
7 investors across 3 rounds
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Questions about Recurly
Who invested in Recurly?
Recurly has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Recurly raised?
Recurly has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Recurly last raise money?
Recurly's most recent round on record is a Series B, in Oct 2014.
What does Recurly do?
Recurly is a financial services company.
Where is Recurly headquartered?
Recurly is headquartered in San Francisco, US.
Which VCs invest in companies like Recurly?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Recurly's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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