Recurly is a leading subscription billing management platform that empowers businesses to manage recurring revenue efficiently. Founded in 2009 by Dan Burkhart and Isaac Hall in San Francisco, California, Recurly has grown to become a trusted partner for thousands of businesses worldwide, including prominent names like Sling TV, BarkBox, Asana, FabFitFun, Cinemark, and Twitch. The company's mission is to simplify subscription billing management by providing an all-in-one integrated platform that automates and optimizes the subscriber lifecycle.
Recurly was founded out of the founders' frustration with managing subscription billing for a previous venture. They recognized the need for a more efficient solution and developed a SaaS platform to cater to businesses of all sizes. After launching its platform in 2010, Recurly quickly gained traction, attracting a diverse client base across various industries. Over the years, Recurly has expanded its presence globally, establishing offices in key markets like Boulder and London.
Recurly has raised $39.1 million over six funding rounds. Its latest funding round was an acquisition financing round in August 20203. In October 2019, Recurly closed a $19.5 million investment led by F-Prime Capital, which was used to fuel product development and expand sales and marketing operations. As of October 2014, Recurly's valuation was reported at $49.84 million.
In September 2022, Recurly acquired LeapRev, enhancing its revenue recognition capabilities and streamlining complex revenue reporting processes. This acquisition allows Recurly to provide a more comprehensive solution for subscription management and revenue management, supporting evolving revenue accounting standards.
Recurly continuously innovates by introducing new features and functionalities to meet the evolving needs of its customers. Recent developments include advanced reporting tools, revenue optimization features, and integrations with third-party services. The acquisition of LeapRev has also added deeper capabilities in revenue management, enabling customers to meet reporting and compliance requirements more effectively.
Recurly emphasizes customer satisfaction and innovation, building a reputation for providing top-notch customer support and personalized service. This dedication to customer success has been crucial in retaining existing clients and attracting new ones, fueling the company's expansion. Recurly's culture values forward-thinking technology and persistence, reflecting its commitment to staying ahead in the subscription billing space.
Recurly powers over 2,000 brands across various industries, including digital media, streaming, publishing, SaaS, education, consumer goods, and professional services. Its user base includes category-defining companies like Sling, Twitch, BarkBox, FabFitFun, Paramount, Lucid, and Sprout Social. Recurly's platform manages billions of dollars in recurring revenues and helps businesses recover lost revenue due to churn. With a global presence and offices in key markets, Recurly supports businesses worldwide, offering flexible pricing plans and customizable features to meet unique industry needs.
