Skio Acquired by Recharge for $105M Cash Despite Only Raising $8M
Skio, a Y Combinator-backed startup in the subscription payments sector, has been acquired by competitor Recharge for $105 million in cash. The company only raised $8 million from investors, according to its founder, Kennan Frost, who has since left the company. The acquisition highlights the potential for high returns even with limited external funding.
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Topics: acquisition entrepreneurship startup subscription payments Y Combinator