Accel-KKR takes over Recurly

Accel-KKR has made a majority equity investment in Recurly, the San Francisco-based creator of a subscription management and billing platform. The company's clients include Sling TV, Twitch and CBS Interactive. Founded in 2009, Recurly has raised roughly $40 million in prior venture backing from investors including Greycroft, E.ventures and Polaris Partners, according to PitchBook data.