Recess

Recess

Centralized platform for event sponsorships

About Recess

Simplify's Rating
Why Recess is rated
C+
Rated C on Competitive Edge
Rated C on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

Company Size

11-50

Company Stage

Series A

Total Funding

$7.9M

Headquarters

Los Angeles, California

Founded

2016

Overview

Recess.is simplifies the process of sponsoring both in-person and virtual events by providing a platform for brands and agencies to discover, book, and coordinate sponsorship opportunities with event organizers. The platform allows advertisers to reach specific audiences through event sponsorships, serving a diverse range of clients including brands, marketing agencies, and event organizers. Recess.is centralizes the sponsorship process, handling everything from discovering events to negotiating contracts, managing payments, and logistics, which saves clients time and effort. The company generates revenue by charging fees for its services, either from brands and agencies or from event organizers listing their events. With a reach of 12 million audience members, Recess.is aims to maximize exposure for advertisers while streamlining the sponsorship experience.

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Simplify's Take

What believers are saying

  • Increased demand for hybrid events expands Recess's reach to wider audiences.
  • Data-driven marketing trends align with Recess's measurable ROI offerings.
  • Partnership with WeWork enhances Recess's presence in flexible workspaces.

What critics are saying

  • Emerging experiential marketing platforms could dilute Recess's market share.
  • WeWork's financial instability may affect Recess's event locations.
  • Resurgence of COVID-19 could lead to event cancellations, impacting sponsorships.

What makes Recess unique

  • Recess offers a centralized platform for event sponsorships, streamlining logistics and payments.
  • The platform connects brands with over 12 million audience members through event partnerships.
  • Recess provides turnkey item distribution and on-site activation for direct consumer engagement.

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Funding

Total Funding

$7.9M

Below

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$5M
Recess
$8.2M
Discord
$15M
Canva
$100M
GitHub

Benefits

Employee stock options

401k plan

Medical, dental, and vision benefits plan

Unlimited paid time off

Company annual education stipend

Company annual health, wellness, and events stipend

Quarterly company retreats

Company computer and home office equipment provided

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -3%

2 year growth

↑ 0%
PRWeb
Mar 6th, 2023
Recess Announces The Appointment Of Brian Schwartz To Board Of Directo

Recess is transforming the experiential marketplace by enabling CPG brands to be more targeted, efficient and measurable with their field marketing spend. .

MarketScreener
Jan 20th, 2023
WeWork : Recess and WeWork Announce Strategic Partnership to Bring Experiential Brand Partnerships to Flexible Workspaces | MarketScreener

Los Angeles, CA - January 20, 2023 - Recess, a leading experiential marketing platform, today announced the launch of a sales and technology partnership with WeWork that brings nearly 200 WeWork locations into its network.

BevNET
Nov 11th, 2022
Experiential Marketplace Recess Raises $5M Series A

Recess, the leading experiential marketing platform connecting brands with events and venues, announced its $5 million Series A led by Data Point Capital and Spring Mountain Capital. The round brings the total raise by the company to $11.5 million.

Recess
Oct 29th, 2021
RECESS launched Welcome Home College Bag on Jan 1st 21'.

In 2021, Recess launched the Welcome Home College Bag, in partnership with 9 brands and universities across the country, to welcome students back to campus.

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