Recurrent Ventures is a digital media company that acquires and transforms consumer media brands, with titles including Popular Science, Domino, JancisRobinson.com, Field & Stream, Donut Media, and Task & Purpose. Founded in late 2018 by Andrew Perlman and Matt Sechrest and led by CEO Lance Johnson, the company has acquired 24 digital media brands since inception. It is a virtual-first company headquartered in Miami with offices in Los Angeles, New York and San Francisco. The staff comprises over 300 full-time employees and 475 creative contributors, with editorial and creative teams accounting for the majority of the workforce. Recurrent plans to use new capital to scale operations through hiring and talent development, utilize new engagement channels, expand its video presence, and introduce new content offerings. The company positions itself to grow audience engagement across its target verticals through expanded content and distribution initiatives. Recurrent Ventures operates a portfolio of 20 digital media brands across automotive, home, lifestyle, military, outdoors, and science and tech verticals. Its brands include Popular Science, The Drive, Domino, MEL, Field & Stream, SAVEUR, Futurism, and Task & Purpose, which together reach more than 50 million monthly unique visitors. The company was initially founded in late 2018 with the acquisition of The Drive and subsequently expanded under the ownership and backing of North Equity LLC. Recurrent plans to use new capital to acquire additional digital media properties and to make further investments in its existing portfolio and employees. The company has raised over $100 million in capital to date, including the recent $75 million financing.

Total raised

$375M

Funding rounds

2

Latest round

Equity

Latest activity

May 2022