SKIO SELLS TO RECHARGE FOR $105M ON $8M RAISED

Skio, a fintech platform focused on subscription billing, completed its acquisition by Recharge, a larger player in the same market. The $105M cash sale represents a significant return for early investors and founders relative to the capital deployed. The founder's emphasis on the minimal funding raised—just $8M—underscores the efficiency of the company's path to a nine-figure exit. This capital-light approach contrasts with many venture-backed startups that pursue larger funding rounds before acquisition or profitability. The deal consolidates two competitors in subscription billing infrastructure, a growing category serving recurring revenue businesses. Recharge, which dominates subscription management for e-commerce, gains Skio's technology and customer base. Terms of the transaction were not disclosed beyond the purchase price.