Digital media company based in Miami, Fla. Recurrent Ventures closed $300 million in new capital led by funds managed by Blackstone Tactical Opportunities (“Blackstone,” NYSE: BX).
Existing investors, such as Raga Partners and Powerhouse Capital have contributed additional capital.
The company will use these funds to continue scaling its operations. This includes hiring and developing talent, using new engagement channels, expanding its presence on video and offering new content for its audience.
Established in late 2018. North Equity’s Managing Partners, Andrew Perlman and Matt Sechrest, as a platform to acquire and transform digital media brands, and led by Lance Johnson, CEO, Recurrent is a digital media company whose titles include Popular Science, Domino, JancisRobinson.com, Field & Stream, Donut Media, and Task & Purpose. The company acquired 24 digital media brands from its target verticals, including Science, Tech and Outdoor, Automotive, Home, Automotive and Military.
Recurrent is a virtual-first company employing talent across the U.S., with its headquarters in Miami and offices in Los Angeles, New York and San Francisco. The company has over 300 full-time employees and 475 creative collaborators. The majority of its workforce is made up of editorial and creative staff.