NEW YORK, NY, Recurrent Ventures announced today that it raised $75 million in a round of financing.
This investment round brings the company's funding to over $100 million in capital to date. Provided by North Equity LLC, the new funding will be used to acquire other digital media properties and to make additional investments in its current digital media portfolio and employees.
Recurrent is an innovative digital media company that empowers brands to grow, and connect with consumers in a way that is enjoyable, sustainable, inspiring, and profitable-while maintaining editorial integrity. Its best-in-class brands like Popular Science, The Drive, Domino, MEL, Field & Stream, SAVEUR, Futurism, and Task & Purpose engage a combined audience of more than 50 million monthly unique visitors. Initially founded in late 2018 with the acquisition of The Drive, the portfolio rapidly expanded under the ownership and backing of North Equity LLC to include 20 digital media brands across automotive, home, lifestyle, military, outdoors, and science and tech verticals.
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