Recurly, Inc., a San Francisco, CA-based platform powering subscription commerce, closed $19.5m in funding.
The round, which brings total capital raised to over $39m, was led by F-Prime Capital with participation from Polaris Partners, Greycroft and Silicon Valley Bank.
The company intends to use the funds to:
– accelerate product development and build out innovative features, such as payment optimization and subscriber intelligence,
– expand sales and marketing operations, and
– further develop partnership programs.
Led by Dan Burkhart, CEO, Tony Allen, Chief Technology Officer, and Shane Oren, SVP of Sales, Recurly provides a versatile subscription management platform to manage the entire subscription lifecycle for more than 2,100 businesses across 42 countries including Sling TV, BarkBox, Asana, FabFitFun, Cinemark and Fubo.tv to manage over 20 million active subscribers.
The company currently has 175 employees across offices in San Francisco; Boulder, CO; and New Orleans, LA.