Recurrent Ventures Raises USD300M in Funding

Miami, FlaDigital media company with headquarters in. Recurrent Ventures closed $300 million inFunds managed by the fund manager generate new capital Blackstone Tactical Opportunities (“Blackstone,”NYSE: BX).

ExistingInvestors, including North Equity, Powerhouse Capital, Raga Partners, have contributed additional capital.

TheThe company will use these funds to continue scaling its operations. This includes hiring and developing talent, expanding its video presence, and creating new content for its audience.

Founded inBy late 2018. North Equity’s Managing Partners, Andrew Perlman and Matt Sechrest, as a platform to acquire transform digital media brands, and led by Lance Johnson, CEO, RecurrentIs a digital media company with titles like Popular Science, Domino, JancisRobinson.com, Field & Stream, Donut Media, Task & Purpose. SinceThe company has acquired 24 digital media brand across its target verticals in 2018. Science, Tech, Outdoor, Home, Automotive, Military.

RecurrentVirtual-first company that employs talent throughout the U.S. with its headquarters in Miami and offices in Los Angeles, New York and San Francisco. The company employs over 300 full time employees 475 creative contributors, with editorial and creative teams accounting for the majority of the workforce.

FinSMEs

18/05/2022

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