- ReCharge, a Santa Monica, CA-based subscription e-commerce company, raised $277m in growth funding
- Backers included Summit Partners, ICONIQ Growth, and Bain Capital Ventures
- The company intends to use the funds to continue to expand operations and its business reach
- Founded in 2014 and led by Oisin O’Connor, CEO, ReCharge is a provider of subscription management software for e-commerce
- The company, which is cash flow positive, has now processed over $5.3 billion in transactions and more than doubled annual recurring revenues from 2019 to 2020
- The company powers some fast-growing direct-to-consumer brands such as Harry’s, Oatly, Fiji Water, Billie, and Native
