$1.6M for Recurly

Recurly, a San Francisco-based maker of software that automates online subscription billing and payments for small businesses, has raised $1.6 million in seed funding, according to a report in VentureWire. The round was led by Polaris Venture Partners, with participation by Dave McClure’s 500 Startups, FreeStyle Capital, Michael Dearing’s Harrison Metal, and angel investors. Recurly was established in 2009 and is part of Polaris’ Dogpatch Labs incubator space at San Francisco’s Pier 38.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

Trending on Xconomy