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 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 Spring Mountain Capital and Data Point Capital
Key Investors in Recess
Spring Mountain Capital
Spring Mountain Capital is an investment firm that provides expansion capital for enterprise technology and healthcare companies, specializing in growth equity and private capital.
Data Point Capital
Data Point Capital is an investor in the company's funding round.
What's next for Recess?
The recent major strategic investment in Recess signals a strong validation of its business model and market potential. This capital infusion is expected to fuel further platform development, expand its reach within the event industry, and enhance its capabilities in connecting sponsors with a broader array of event opportunities. The company is poised to solidify its position as a key facilitator in the live event sponsorship ecosystem, potentially exploring new verticals or deepening its existing service offerings to drive continued growth and innovation.
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