M&A Deal Summary

ReCharge Acquires ReChargeSMS

On June 11, 2021, ReCharge acquired software company ReChargeSMS from AE Studio

Acquisition Highlights
  • This is ReCharge’s 1st transaction in the Software sector.
  • This is ReCharge’s 1st transaction in the United States.
  • This is ReCharge’s 1st transaction in California.

M&A Deal Summary

Date 2021-06-11
Target ReChargeSMS
Sector Software
Buyer(s) ReCharge
Sellers(s) AE Studio
Deal Type Divestiture

Target

ReChargeSMS

Los Angeles, California, United States
ReChargeSMS offers customers agency over their subscription preferences in real-time, allowing them to skip, revise, renew, and reschedule their orders through a simple SMS chat and is currently used by leading brands like Olipop, Super Coffee, and GEM. ReChargeSMS is based in Los Angeles, California.

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Buyer(S) 1

Buyer

ReCharge

Santa Monica, California, United States

Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

ReCharge is a provider of subscription management software for e-commerce. ReCharge's billing and payment management solutions to grow their business by increasing customer lifetime value and reducing customer churn. Today, ReCharge powers subscriptions for nearly 20 million subscribers across 15,000 merchants, including fast-growing brands such as Billie, LOLA, and Hubble. ReCharge was founded in 2014 and is based in Santa Monica, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

AE Studio

Venice, California, United States

Category Company
Founded 2016
Sector Software
DESCRIPTION

AE Studio specializes in working with growing startups and enterprises to launch and rapidly develop new products and startup MVPs, increase revenue by expanding existing feature sets, or integrate cutting-edge data science and machine learning into products. AE is a team of seasoned designers, developers, product managers, and data scientists who work with companies closely to get to their next inflection point - whether it's an investment, partnerships, creating major business efficiency, or launching a new product or initiative. AE Studio was founded in 2016 and is based in Venice, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1