What is Recess?
RECESS operates as a streamlined platform designed to facilitate the sponsorship of live events. The company empowers brands and agencies by providing tools to discover, contract, manage payments, and advance collaborations with a vast network of event organizers. This integrated approach aims to demystify and optimize the often complex process of event sponsorship, making it more accessible and efficient for all parties involved.
How much funding has Recess raised?
Recess has raised a total of $5M across 1 funding round:
Series A
$5M
Series A (2022): $5M with participation from Data Point Capital and Spring Mountain Capital
Key Investors in Recess
Spring Mountain Capital
Spring Mountain Capital specializes in various investment strategies including growth equity, total return, private capital, municipal bonds, and social impact investing. They provide expansion capital for enterprise technology and healthcare companies across North America, while also pursuing opportunistic investments in diverse asset classes. The firm offers customized fixed income investment solutions for individuals, trusts, and estates. Their focus on social impact includes innovative approaches to Opportunity Zone investing.
Data Point Capital
Undisclosed investor participating in the funding round.
What's next for Recess?
With its recent major strategic investment, Recess is poised for significant expansion and enhancement of its platform capabilities. The substantial capital injection, part of a larger $5M funding initiative, suggests a strategic focus on scaling operations, broadening its market reach, and potentially developing new features to further streamline the event sponsorship ecosystem. This growth phase is likely to involve deeper integration with event management tools and enhanced analytics for sponsors and organizers alike, solidifying Recess's position as a leader in event sponsorship facilitation.
See full Recess company page
