Press Releases

Cyber Monday Starts Seasonal Surge for Subscriptions

Recurly, Inc., the enterprise-grade subscription management platform, released findings today from an examination of shopping volumes during the start of the holiday period, including Black Friday and Cyber Monday. On Cyber Monday 2015, subscription-based merchants experienced a 230 percent jump in total payment volume (TPV) as compared to other days during the study period.

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Recurly Raises $12 Million Series B Financing to fund Expansion of Rapidly Growing Subscription Billing Platform

Recurly Inc., the leading pay-as-you-go subscription billing platform, today announced that it has closed a $12 million Series B round of new financing. Devonshire Investors (the private investment firm affiliated with Fidelity Investments) led the round with participation from Greycroft Partners and existing investors, Polaris Partners and e.ventures. The new investment will allow Recurly to further accelerate the considerable momentum it has achieved over the last several years in the areas of product innovation, top-notch talent acquisition and customer and revenue growth. With this investment, Shervin Ghaemmaghami, from Devonshire Investors, will join the Recurly Board of Directors.

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Avalara and Recurly Partner on Sales Tax Integration

Avalara, Inc., a leading provider of cloud-based software that delivers a broad array of compliance solutions related to sales tax and other transactional taxes, today announced Recurly.com, the leading pay-as-you-go subscription billing management platform, has joined Avalara’s community of certified solution partners. Avalara’s solution partners are software publishers that integrate Avalara’s software as a service (SaaS) offering for sales tax management directly into their own applications.

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Recurly Appoints Renato Mascardo as Chief Technology Officer

Recurly, Inc., provider of the world’s most widely used subscription billing management platform, today announced the appointment of software industry veteran, Renato Mascardo as chief technology officer. Mascardo will focus on Recurly’s technical vision and operational excellence as the company scales to meet the demands of its growing customer base.

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Echo Park Chamber of Commerce Makes Membership Easy Through New Technology

Recurly, the leading pay-as-you-go subscription billing management service, today announced the Echo Park Chamber of Commerce is using Recurly to streamline its membership billing operations to improve the convenience and efficiency of its overall membership experience. The Chamber serves the business people and residents of Echo Park, Los Angeles, CA, and using Recurly to collect recurring dues from its membership base is just one of the innovative ways it uses technology to make maintaining an active membership status as easy as possible.

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Recurly Appoints Samuel Parker as Chief Operating Officer

Recurly, Inc. announced today that Sam Parker has joined the company as chief operating officer (COO). A 20-year business veteran and former executive of SAY Media, CBS Interactive and CNET Networks, Parker strengthens Recurly’s executive bench by bringing deep experience in scaling business operations.

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Recurly to Power Subscription Billing for AccuWeather, Inc.

Recurly, Inc. today announced that AccuWeather, the world’s leading multi-media weather company, has selected Recurly’s subscription billing platform to address the demands of modern subscription billing operations. AccuWeather provides data and information services to more than 175,000 paying customers and 245 of the Fortune 500 companies, spanning many industries, such as media, retail, healthcare, manufacturing, transportation, agriculture, and government, to inform critical business decisions by delivering weather warnings, forecasts, and prediction data to businesses and audiences worldwide.

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