Private equity firm Accel-KKR completed a majority investment in Recurly, a platform powering subscription commerce. Financial terms were not disclosed. "Global subscription commerce is already generating trillions of dollars in revenues and is estimated to grow at 18% CAGR over the next five years. As such, businesses of all shapes and sizes are quickly grasping the value of having a subscription model as a critical piece, if not the cornerstone, of their growth strategy. Recurly’s deep set of subscription management solutions and powerful insights gained from billions of transactions have proven to drive significant outcomes for their clients. We look forward to working with Dan and the entire Recurly team and continue to deliver ‘first-in-class’ innovations in subscription management and monetization," Dean Jacobson, Accel-KKR Managing Director.