-32%

est. 2Y upside i

E-CommerceSeries B

Subscription management platform for ecommerce businesses

Rank

#2991

Sector

Ecommerce / Subscription SaaS

Est. Liquidity

~3Y

Data Quality

Data: Medium

Recharge dominates Shopify subscriptions (71% share) but $2.1B val from 2021 is stretched at 18x rev.

Last updated: March 21, 2026

Bull (25%)+100%

Platform expansion works: bundles, retention, analytics. $200M+ rev. IPO at 10-12x.

Base (45%)+30%

$130-150M rev. Acquired at 7-9x ($910M-$1.35B). Below $2.1B peak.

Bear (30%)-40%

Shopify native subs erode share. Growth stalls <15%. Down round.

Est. time to liquidity~3.0 years
Adjusted for competitive dynamics: 34% (raw: -32%, adjustment: +7%)

Preference Stack Risk

moderate

Funding Intensity

13%

$277M raised on $2.1B; manageable at strong exit.

Dilution Risk

moderate

No funding since 2021; may be self-sustaining.

Secondary Liquidity

none

No known secondary.

View all 11 open roles at Recharge →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Recharge's data — designed to show you've done your homework.

  • 1

    “Shopify native competition impact?”

  • 2

    “Platform expansion product traction?”

  • 3

    “409A vs $2.1B Series B?”

Cluster Peers

Expected Upside

Klaviyo
+34%
Klaviyo
+23%
Bloomreach
-11%
Recharge
-32%
Attentive
-68%
Yotpo
-75%
Postscript
-78%

Community

Valuation Sentiment

Our model estimates -32% upside. What do you think?

Anonymous. Do not share material non-public information.

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.