Recharge joined the Unicorn Club on May 06, 2021. Headquartered in Santa Monica, California, United States, the company provides subscription management solutions for brands and e-commerce businesses. It helps manage subscription bundles, tiered discounts, analytics, and insights, offering a complete platform for creating and managing subscriptions for physical products.
Keep reading to learn how Recharge became a leading platform powering recurring revenue for brands globally.
What Is Recharge and What Does It Do?
Founded in 2014, Recharge provides tools for brands to offer subscription services for physical products. Its platform enables businesses to manage recurring billing, customer analytics, and personalized subscription experiences. Recharge supports e-commerce brands in optimizing subscription retention and engagement while offering insights into subscriber behavior to drive growth.
How Much Funding Has Recharge Raised?
- Series B Round
- Amount Raised: $277 million
- Date: May 06, 2021
- Purpose: Expand subscription management platform capabilities, scale operations, and enhance analytics features.
Total Funding Raised: $277 million
Latest Funding Date: Jun 02, 2023
Latest Known Valuation: $2.1 billion
Employee Count: 289 (as of Dec 31, 2023)
Key Investors
- Iconiq Capital
- Details: Global investment firm focused on growth-stage technology companies.
- Focus Areas: SaaS, e-commerce, subscription-based businesses.
- Bain Capital Ventures
- Details: Venture capital firm investing across technology sectors.
- Focus Areas: SaaS platforms, e-commerce, and recurring-revenue business models.
Where Is Recharge’s Headquarters?
Recharge is headquartered in Santa Monica, California, United States, where it drives subscription management innovation for e-commerce brands worldwide.
What’s Next for Recharge?
Recharge plans to expand platform features, enhance AI-driven analytics for subscriber engagement, and integrate with more e-commerce ecosystems. The company aims to help brands scale recurring revenue while providing seamless subscription experiences for their customers.
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