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- Recharge
Recharge Valuation, Funding & Investors
Recharge is valued at $2.1B as of May 2021.
Last Recharge valuation
$2.1B
Series B · May 2021
Last Recharge funding round
$400K
Seed · Sep 2023
Cumulative funding Recharge raised
$277M
across 3 funding rounds
Key investors in Recharge
Summit Partners
Bain Capital Ventures
ICONIQ Capital
Wealthing VC Club
About Recharge
Recharge is a subscription management platform for ecommerce merchants. Its billing and payment tools help launch and scale subscriptions to raise revenue and customer lifetime value while cutting costs and churn. The remote-first company with over 500 employees across 15 countries powers subscriptions for 15,000 merchants and 50 million subscribers, including Verve Coffee Roasters, Bokksu, Bite Toothpaste Bits, and Ka'Chava.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$2.1B (May 2021)
Recharge Valuation
Recharge is currently valued at $2.1B, based on its Series B in May 2021.
The $227M round included ICONIQ Capital, Wealthing VC Club, Summit Partners and Bain Capital Ventures.
Recharge valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series B | $2.1B |
Recharge Funding History
Recharge has raised a total of $277M across 3 funding rounds.
Recharge's first fundraising round was a $50M Series A in January 2020. The most recent completed round was a $400K seed round in September 2023.
Recharge funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2023 | Seed | - | $400K | - | - |
| May 2021 | Series B | ICONIQ Capital; Wealthing VC Club; Summit Partners; Bain Capital Ventures | $227M | $2.1B | ReCharge is a Santa Monica-based subscription management software platform that enables e-commerce merchants to power recurring revenue and subscription models. The platform serves as the backbone for subscription commerce, processing transactions and managing customer subscriptions across multiple categories including food, beauty, and wellness products. In May 2021, ReCharge announced a Series B funding round raising $227 million at a $2.1 billion post-money valuation, led by Summit Partners, ICONIQ Growth, and Bain Capital Ventures. This followed a previously undisclosed Series A of $50 million from Summit Partners in January 2020. The company was bootstrapped before these institutional funding rounds and was cash flow positive at the time of the Series B. ReCharge demonstrated exceptional growth metrics in the period leading up to this round: annual recurring revenue grew 146% in 2020 while revenue grew over 136% during the same period, though the company declined to disclose absolute revenue figures. The platform powered 15,000 customers and 20 million subscribers across 180 countries, with notable brands including Harry's, Oatly, Fiji Water, Billie, and Native using the service. The company had processed over $5.3 billion in cumulative transactions since inception in 2014 and had doubled its processing volume annually for the five years preceding the funding announcement. |
| Jan 2020 | Series A | Summit Partners (lead) | $50M | - | Recharge is a Santa Monica-based provider of subscription management and billing software for e-commerce merchants, enabling businesses to convert one-time purchases into recurring subscriptions. Founded in 2014, the company was bootstrapped and self-funded for over five years before raising its first outside capital. In January 2020, Recharge completed a Series A round raising $50 million led by Summit Partners to support initial growth and development. The platform serves over 15,000 customers including Harry's, Oatly, Fiji Water, Billie, and Native, processing transactions across 180 countries and handling over $5.3 billion in total volume since inception, with annual doubling of processing volume pre-2020. In 2020, Recharge demonstrated strong traction amid the shift to digital commerce accelerated by COVID-19, achieving 146% ARR growth and 136% revenue growth. The company grew from 140 employees at the start of 2020 to 328 by mid-2021 across 10 countries and managed 20 million subscribers. It became cash flow positive, highlighting efficient organic scaling without prior external funding. In May 2021, Recharge raised a follow-on $227 million growth round (total $277 million including prior) from Summit Partners, ICONIQ Growth, and Bain Capital Ventures at a $2.1 billion valuation to fuel product development, hiring, European expansion, and market growth. Summit Partners' Andrew Collins joined the board, praising the team's product-market fit and discipline. The subscription billing market was expanding rapidly, projected to reach $7.8 billion by 2025 at a 14% CAGR. |
Who has invested in Recharge?
4 investors have backed Recharge across its funding rounds, including Summit Partners, Bain Capital Ventures, ICONIQ Capital and Wealthing VC Club.
Lead investors include Summit Partners.
Recharge Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2020 | ||
| 1 | Participant | May 2021 | ||
This data is available for Pro users. Sign up to see all 4 Recharge investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Recharge
Recharge has acquired 2 companies to date.
Last acquisition by Recharge was on April 29th 2026. Recharge acquired Skio for $105M.
Latest Acquisitions by Recharge
| Description | Skio is a subscription management platform integrated with Shopify for direct-to-consumer brands. The software handles recurring billing, retention, and personalized offers. Skio serves clients such as Liquid I.V., Milk Bar, Polaroid, Barstool Sports, Unilever, KraveBeauty, Boba Tea Protein, and Siete, optimizing subscription flows and customer lifetime value. | ElectricSMS by AE Studio is a subscription management platform that allows customers to handle preferences via SMS interactions in real time. Integrated with Shopify, BigCommerce, and Recharge, it automates updates, pauses, and cancellations to boost retention for e-commerce brands. The Tel Aviv-headquartered service processes millions of SMS messages annually, enabling two-way conversations for personalized subscription lifecycles. Launched in 2021, ElectricSMS supports over 500 brands globally with customizable flows and analytics dashboards. |
| HQ Country | ||
| HQ City | New York City, NY | Los Angeles, CA |
| Deal Date | 29 Apr 2026 | 11 Jun 2021 |
| Valuation | $105M | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Recharge acquisitions and their M&A valuation multiples. Start Free Trial | ||
Recharge Competitors
Recharge competitors include listed companies like Xinhua Winshare and GigaCloud Technology, and private ones like Bloomreach, NuCom Group, Framer and commercetools.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $150M | - | $2.2B | 14.7x | ||
| Private | - | - | $2.2B | - | ||
| Private | $50M | - | $2B | 40.0x | ||
| Publicly listed | $1.7B | $248M | $1.9B | 0.4x | ||
| Private | $150M | - | $1.9B | 12.7x | ||
| Publicly listed | $1.3B | $158M | $1.9B | 1.4x |
Recharge Public Comps
Recharge is still privately-owned, but its public comps include Xinhua Winshare, GigaCloud Technology, Infomart, Lightspeed Commerce, Rezolve AI, Shiprocket, Hangzhou Raycloud Tech, ODDITY Tech, Wix.com and GoDaddy.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | $248M | 0.4x | 0.4x | 2.9x | 3.4x | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
| $121M | $31M | 9.3x | 8.6x | 35.9x | 31.7x | |||
| $1.2B | ($13M) | 0.7x | 0.7x | (65.4x) | 11.0x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $211M | ($7M) | 4.3x | - | (131.1x) | - | |||
| $84M | $719K | 10.6x | 9.8x | 1238.3x | - | |||
| $810M | $131M | 1.5x | 1.8x | 9.6x | 18.3x | |||
This data is available for Pro users. Sign up to see all Recharge competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Recharge
| When was Recharge founded? | Recharge was founded in 2014. |
| Where is Recharge headquartered? | Recharge is headquartered in Los Angeles, CA, United States. |
| Is Recharge publicly listed? | No, Recharge is a private, VC-backed company. |
| What is Recharge's valuation? | Recharge was last valued at $2.1B in its Series B in May 2021. |
| How much funding has Recharge raised? | Recharge has raised $277M across 3 funding rounds. |
| What was Recharge's last funding round? | Recharge's last funding round was a $400K seed round in September 2023. |
| Who are Recharge's investors? | Recharge's investors include Summit Partners, ICONIQ Capital, Wealthing VC Club and Bain Capital Ventures. |
| Which companies are comparable to Recharge? | Companies comparable to Recharge include Bloomreach, NuCom Group, Framer, Xinhua Winshare, commercetools and GigaCloud Technology. |
| How many companies has Recharge acquired? | Recharge has acquired 2 companies, including Skio and ElectricSMS by AE Studio. |
| What was the largest acquisition by Recharge? | The $105M acquisition of Skio in April 2026 is the largest acquisition Recharge has made to date. |
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