Friday, May 7, 2021

ReCharge Connects With $277M

Santa Monica-based ReCharge, a developer of subscription e-commerce tools, has raised $277M in a funding round from Summit Partners, ICONIQ Growth, and Bain Capital Ventures. According to the company, the new funding round values the company at $2.1 billion. ReCharge said that it has added Andrew Collins of Summit Partners, Aaref Hilaly of Bain Capital Ventures, and Yoonkee Sull of ICONIQ Growth to its board as a result of the funding round. ReCharge's services help businesses add subscriptions to their offerings, supporting subscription billing and other related software.The company's CEO and co-founder is Oison O'Connor.