Recurly Raises $6 Million From BV Capital (Otto Group’s eVC Partners)
Jan 28th, 2012 by admin
BV Capital / eVentureCapital Partners, heavily supported by Germanys Otto Group, recently invested in Recurly (see press release), a company specializing in subscription billing management: "Today, were proud to announce that Recurly raised $6 Million in a Series A round of investment to grow our company well into the future. Wed like to thank our new investors from BV Capital for sharing our enthusiasm for our business.
Picture of Recurly Raises $6 Million From BV Capital (Otto Group's eVC Partners) [source:excitingcommerce.com]
In addition to BV Capital, our existing investors: Polaris Venture Partners, Harrison Metal Capital and FreeStyle Capital all joined in to help us continue in building a great company."
With BV Capital in the USA, the investment co-operative is taking a significantly more progressive course than it is with eVenture Capital in Europe. There the last additions were MyDeco, Farfetch and Vicampo. The complete portfolio here.
Whereas many Germany based investment groups have difficulty getting up to speed in international markets, BV Capital is one of the few who have access to a strong international network.
At the Live Shopping Days conference in 2011, we had a discussion about investment strategy and international opportunities with CEO and General Partner Andreas Haug. At the Exceed 2012 conference we are looking forward to hear the opinions of Andreas Schlenker of Partech International (German link) on the topic of VC financing and e-commerce.
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.[source:excitingcommerce.com]
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