Recur Club and IVY Growth Associates have teamed up to allocate $10M in non-dilutive growth capital
- ByStartupStory | December 5, 2022
Recur Club, a fintech platform that provides capital to companies with recurring revenues, has said in a statement it has joined hands with IVY Growth Associates, which invests in and mentors startups, to allocate funding of up to $10 million in non-dilutive growth capital for the latter’s portfolio companies.
“This comes at a time when the macroeconomic conditions are uncertain, which has resulted in higher interest rates and less liquidity, which in turn, has led to low venture capital equity or investors pushing companies for down rounds,” said Eklavya Gupta, Founder, and Co-CEO at Recur Club. He attributed the increased interest in non-dilutive financing solutions such as Recur Club to these factors. Recur Club with IVY Growth associates will target investing in about 500 startups by the end of 2027.
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