ICONIQ CAPITAL GLASSDOOR SOFTWARE

The company has some impressive growth metrics, no doubt in part driven by the COVID-19 pandemic’s push to all things digital. It also aims to help these brands, primarily direct to consumer companies, grow by providing them with ways to “easily” add subscription offerings to their business with the goal of turning one-time purchasers “into loyal, repeat customers.”

ICONIQ CAPITAL GLASSDOOR SOFTWARE

Specifically, ReCharge’s cloud-based software is designed to give e-commerce merchants a way to offer and manage subscriptions for physical products. Over the years, the company’s SaaS platform has evolved from a subscription billing/payments platform to include a broader set of offerings aimed at helping e-commerce businesses boost revenues and cut operating costs.

With this round, ReCharge has raised a total of $277 million in funding. And, it’s currently cash flow positive, according to company execs. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a previously undisclosed Series A from Summit Partners in January of 2020. Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. ReCharge, a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation.

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