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Debt & Specialty Finance
recurring.capital

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Investments

8

Portfolio Exits

3

Funds

5

About Recurring Capital Partners

Recurring Capital Partners specializes in debt financing for Software as a Service (SaaS) and other recurring revenue model technology-driven companies.

Recurring Capital Partners Headquarter Location

300 West 6th Street Suite 1540

Austin, Texas, 78701,

United States

512-766-0676

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Latest Recurring Capital Partners News

Hanzo Announces $10.5 Million Capital Investment To Scale

Oct 1, 2021

New York, UNITED STATES New York, NY, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Hanzo, a technology pioneer in preserving, collecting, reviewing, and exporting dynamic, complex collaboration and web-based data sources, today announced securing substantial investment from Recurring Capital Partners totaling $10.5 million. Hanzo brings simplicity and control to legal and compliance teams over dozens of dynamic and complex data sources such as Slack, Google Workspace, Confluence, Jira, and Trello, among others. The company plans to invest significantly in product development to expand and enhance Hanzo’s easy-to-use collaboration application ediscovery and compliance platform. "Remote working and enterprise collaboration applications that power many of the increasingly digital-first workplaces of today, have fundamentally changed the way we create, transmit, retain, and interact with information. Legal, compliance, HR, and security teams face significant challenges searching, analyzing, and identifying the vast volumes of information within these complex data sources, leading to enterprises collectively spending hundreds of millions managing discovery and compliance processes,” said Hanzo, CEO, Julien Masanès. “Hanzo’s mission is to simplify the complexity of managing this data so that companies can manage their risk affordably." Hanzo also intends to invest in its sales, marketing, and support organization to meet the enthusiastic market demand for a purpose-built ediscovery solution that simplifies workflows for complex data sources and streamlines access to vital data for early case assessment and efficient investigations. Masanès, commented, “We were looking for a financing partner experienced with supporting the unique needs of SaaS enterprises and the flexibility to provide structured capital that aligns to our growing needs as we scale the company. Recurring Capital checked all the boxes.”  Hanzo's announcement of growth funding comes amid its significant business momentum as collaboration application growth drives the adoption and use of Hanzo’s innovative technology. In recognition of this growth trajectory, Recurring Capital Partners, an investment firm specializing in flexible debt financing for technology-driven companies, has added Hanzo to its investment portfolio. "Hanzo is an exciting company in the unstructured data management space known for its history of innovation and delighting customers by making the complex simple," said Brian Henley, Managing Partner, at Recurring Capital Partners. "We are delighted to partner with the Hanzo team and supply them with growth capital to accelerate and scale their product and market initiatives." About Recurring Capital Partners Recurring Capital Partners specializes in growth capital for Software as a Service (SaaS) and other recurring revenue model technology-driven companies. Our team, advisors, and investors combine significant operating experience with growth-stage investing expertise to drive a focus on results founders and management teams care about: accelerating growth, controlling business and personal risks, and maximizing personal equity stakes. https://www.recurring.capital/ About Hanzo Hanzo brings context and a greater understanding of enterprise data to corporate legal and compliance teams by providing in-house control over dynamic and collaborative data sources. This control allows organizations to reduce billions of dollars in risk, litigation, and compliance costs and elevate their corporate legal and regulatory compliance responses. Hanzo's software empowers defensible preservation, targeted collection, and efficient review of dynamic content from enterprise collaboration applications and complex websites. Hanzo is SOC 2® Type 2 certified, demonstrating its commitment to data security and serves large corporations worldwide. Learn more at hanzo.co and follow updates on Twitter: @gethanzo or on LinkedIn . Attachment

Recurring Capital Partners Investments

8 Investments

Recurring Capital Partners has made 8 investments. Their latest investment was in Hanzo as part of their Unattributed - III on September 9, 2021.

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Recurring Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/20/2021

Unattributed - III

Hanzo

$10.5M

Yes

2

4/6/2021

Line of Credit

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$99M

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10

3/1/2021

Series A

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$99M

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10

10/27/2020

Debt

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$99M

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10

5/14/2020

Unattributed

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$99M

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10

Date

9/20/2021

4/6/2021

3/1/2021

10/27/2020

5/14/2020

Round

Unattributed - III

Line of Credit

Series A

Debt

Unattributed

Company

Hanzo

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Amount

$10.5M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

10

Recurring Capital Partners Portfolio Exits

3 Portfolio Exits

Recurring Capital Partners has 3 portfolio exits. Their latest portfolio exit was AssureSign on June 02, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/2/2021

Acquired

6

00/00/0000

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10

00/00/0000

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10

Date

6/2/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

6

10

10

Recurring Capital Partners Fund History

5 Fund Histories

Recurring Capital Partners has 5 funds, including RC Pecos.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/28/2020

RC Pecos

$3.75M

1

3/19/2020

RC Rio

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$99M

10

10/30/2019

Recurring Capital Fund II

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$99M

10

7/21/2017

Recurring Capital Fund I LP

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$99M

10

11/22/2016

Trinity RCP

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$99M

10

Closing Date

12/28/2020

3/19/2020

10/30/2019

7/21/2017

11/22/2016

Fund

RC Pecos

RC Rio

Recurring Capital Fund II

Recurring Capital Fund I LP

Trinity RCP

Fund Type

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Status

Amount

$3.75M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Recurring Capital Partners Team

1 Team Member

Recurring Capital Partners has 1 team member, including current Managing Partner, Brian Henley.

Name

Work History

Title

Status

Brian Henley

Managing Partner

Current

Name

Brian Henley

Work History

Title

Managing Partner

Status

Current

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