# Recurly funding: rounds and investors

> Recurly has raised $43M across 5 rounds since 2010. Investors include Polaris Partners, Freestyle Capital and Harrison Metal. Every round with its source.

Source: https://millionrounds.com/company/recurly (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Recurly*

5 rounds we have observed, with the 15 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Software Fintech

Funding summary Updated 26 Oct 2026

**$43M** raised across 5 rounds since 2010, from 6 sources

**$1.6M** Seed **$3.7M** Venture **$6.0M** Series A **$12M** Series B **$20M** Round

- **Latest round:** Round, $20M Sept 2019
- **Led by:** F-Prime Capital
- **Step-up i:** 1.6×
- **Investors:** 15 (1 led)

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2010 2012 2014 2016 2018

**$1.6M** Seed

**$3.7M** Venture

**$6.0M** Series A

**$12M** Series B

**$20M** Round

- **First round:** Seed, $1.6M
- **Biggest round:** $20M
- **Usual gap between rounds:** 2.8 years

## The rounds

- **Sept 2019** Round **$20M** *1 new* *3 returning* [F-Prime Capital](https://millionrounds.com/fund/f-prime) Lead [Greycroft](https://millionrounds.com/fund/greycroft) [SVB Capital](https://millionrounds.com/fund/svb-capital) [Polaris Partners](https://millionrounds.com/fund/polaris-partners) Reported by FinSMEs and 1 other
- **Oct 2014** Series B **$12M** *5 new* *1 returning* [Greycroft](https://millionrounds.com/fund/greycroft) [Polaris Partners](https://millionrounds.com/fund/polaris-partners) [Fidelity](https://millionrounds.com/fund/fidelity) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [e.ventures](https://millionrounds.com/fund/e-ventures) [Devonshire Investors](https://millionrounds.com/fund/devonshire-investors) From a historical funding record
- **Jan 2012** Series A **$6.0M** *1 new* *3 returning* [Polaris Partners](https://millionrounds.com/fund/polaris-partners) [Freestyle Capital](https://millionrounds.com/fund/freestyle) [Harrison Metal](https://millionrounds.com/fund/harrison-metal) [e.ventures](https://millionrounds.com/fund/e-ventures-3) Reported by techcrunch.com SEC filing: $6.0M sold, first sale Dec 2011
- **Jan 2012** Venture **$3.7M** *1 new* *3 returning* [Polaris Partners](https://millionrounds.com/fund/polaris-partners) [Freestyle Capital](https://millionrounds.com/fund/freestyle) [Harrison Metal](https://millionrounds.com/fund/harrison-metal) [AG Capital Inc](https://millionrounds.com/fund/bv-capital) From a historical funding record SEC filing: $6.0M sold, first sale Dec 2011
- **Jul 2010** Seed **$1.6M** *7 new* [500 Global](https://millionrounds.com/fund/500-startups) [Polaris Partners](https://millionrounds.com/fund/polaris-partners) [Freestyle Capital](https://millionrounds.com/fund/freestyle) [Harrison Metal](https://millionrounds.com/fund/harrison-metal) [Practical Venture Capital](https://millionrounds.com/fund/practical-venture-capital) [HubSpot Ventures](https://millionrounds.com/fund/hubspot-ventures) [Sherry Coutu](https://millionrounds.com/fund/sherry-coutu) Reported by techcrunch.com SEC filing: $1.7M sold, first sale Jul 2010

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Dan Burkhart** Executive Officer, Director i
- **Isaac Hall** Executive Officer, Director i

On the board, as filed i *David Barrett*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2010 **Venture** 2012 **Series A** 2012 **Series B** 2014 **Round** 2019 [Polaris Partners](https://millionrounds.com/fund/polaris-partners) [Freestyle Capital](https://millionrounds.com/fund/freestyle) [Harrison Metal](https://millionrounds.com/fund/harrison-metal) [F-Prime Capital](https://millionrounds.com/fund/f-prime) L [Greycroft](https://millionrounds.com/fund/greycroft) [500 Global](https://millionrounds.com/fund/500-startups) [SVB Capital](https://millionrounds.com/fund/svb-capital) [Fidelity](https://millionrounds.com/fund/fidelity) [e.ventures](https://millionrounds.com/fund/e-ventures) [Practical Venture Capital](https://millionrounds.com/fund/practical-venture-capital)

## Everyone who backed them

[Polaris Partners](https://millionrounds.com/fund/polaris-partners) VC firm **5** rounds

[Freestyle Capital](https://millionrounds.com/fund/freestyle) VC firm **3** rounds

[Harrison Metal](https://millionrounds.com/fund/harrison-metal) VC firm **3** rounds

[F-Prime Capital](https://millionrounds.com/fund/f-prime) VC firm **2** rounds, led 1

[Greycroft](https://millionrounds.com/fund/greycroft) VC firm **2** rounds

[500 Global](https://millionrounds.com/fund/500-startups) Angel **1** round

[SVB Capital](https://millionrounds.com/fund/svb-capital) VC firm **1** round

[Fidelity](https://millionrounds.com/fund/fidelity) VC firm **1** round

[e.ventures](https://millionrounds.com/fund/e-ventures) VC firm **1** round

[Practical Venture Capital](https://millionrounds.com/fund/practical-venture-capital) Private equity **1** round

[e.ventures](https://millionrounds.com/fund/e-ventures-3) VC firm **1** round

[HubSpot Ventures](https://millionrounds.com/fund/hubspot-ventures) Corporate VC **1** round

[Sherry Coutu](https://millionrounds.com/fund/sherry-coutu) Angel **1** round

[Devonshire Investors](https://millionrounds.com/fund/devonshire-investors) Corporate VC **1** round

[AG Capital Inc](https://millionrounds.com/fund/bv-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=recurly).

## Also claim to have backed them

These 2 firms list Recurly as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Sachin Agarwal](https://millionrounds.com/fund/sachin-agarwal) Angel Per its own site

[Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site

## Quick answers about Recurly

### Who invested in Recurly?

Recurly's investors include Polaris Partners, Freestyle Capital, Harrison Metal, F-Prime Capital and Greycroft, and 10 more on record. F-Prime Capital led its latest round.

### How much has Recurly raised?

Recurly has raised $43M across 5 rounds since 2010.

### When did Recurly last raise?

Recurly's most recent round was an Undisclosed round of $20M in Sept 2019, led by F-Prime Capital.

### What was Recurly's biggest round?

Its most recent round, $20M in Sept 2019, is also its largest on record.

### Who backed Recurly first?

Recurly's first round on record, in Jul 2010, was backed by 500 Global, Polaris Partners and Freestyle Capital and 4 others.

### What stage is Recurly at?

Recurly's latest named round is an Undisclosed round, in Sept 2019.

### Where is Recurly based?

Recurly is based in the United States.

### Who led Recurly's rounds?

F-Prime Capital led the Undisclosed round in 2019.

## Companies like Recurly

In the same sector, and raised in the last eighteen months.

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**TruAgents** $3.4M · Oct 2026](https://millionrounds.com/company/truagents)

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