Recurly Raises $6M in Series A Financing
Recurly, Inc., a San Francisco, California-based pay-as-you-go subscription billing service provider, has raised $6m in a Series A financing.
The round was led by BV Capital, with participation from Polaris Venture Partners, Harrison Metal Capital and FreeStyle Capital.
Launched in January 2010 by CEO Dan Burkhart, Recurly provides subscription-based businesses with a self-serve, pay-as-you-go platform to automate complexities involved with subscription billing management, such as customer upgrades and downgrades, credit card errors and declines, automated customer communications, and customer retention management.
Clients include over 750 subscription-based SaaS, Web 2.0, Mobile, content and publishing businesses worldwide like Fox News Radio, JibJab Media, Weather Underground, Justin.tv, GOOD.is, Slideshare and EquityFeed.
In conjunction with the funding, Thomas Gieselmann, a co-founder of BV Capital, will join the company’s Board of Directors.
Recurly is currently hiring (http://recurly.com/jobs).