Santa Monica based ReCharge, a provider of subscription management software for e-commerce applications, raised $277 million in funding from Bain Capital Ventures, Summit Partners and ICONIQ Growth at a valuation of $2.1 billion, bringing the total amount of funds raised to $277 million.
Founded in 2014 by Michael Flynn and Oisin O’Connor, Recharge helps e-commerce brands to grow by allowing them to easily add subscription offerings to their business, thereby converting one-time transactions into repeat customers. The starup will use the funding for product development and to grow its various go-to-market initiatives.
