Enable Raises $94 Million in Series C  

by Kay Aloha Villamor in October 19th, 2022

Enable, a San Francisco, CA-based rebate management software for B2B growth, announced that it raised $94 million in Series C funding to help businesses throughout the supply chain overcome all these challenges. 

The round was led by Insight Partners, with Lightspeed Venture Partners, HarbourVest Partners, SE Ventures, PSP Growth, and existing investors, including Norwest Venture Partners, Menlo Ventures, and Telstra Ventures.

Enable's previous investors include Peter Wendell's Sierra Ventures, Alumni Ventures, Gaingels, and MIT alumni fund Castor Ventures.

The new funding will help the company further accelerate its growth.

"It's our goal to ensure rebate strategists, CFOs, and chief purchasing officers have the key information they need at their fingertips in order to drive the next best decision for their business," explained Enable co-founder and CEO Andrew Butt. "Until now, it's been nearly impossible to get accurate, up-to-date, granular data that lets you understand your true rebate returns, and that lets you accurately forecast and accrue for rebates. Enable's rebate management platform lets you do this while collaborating internally and across your supply chain on one trusted platform."

Beginning with the crucial finance and commercial teams, Enable provides a comprehensive solution that helps these keep-things-in-the-black teams manage the complexities of rebate programs and further optimize sales and profits via automated real-time data and insights reporting, accurate forecasting and improved cross-functional alignment.

Company: Enable Global Inc.

Raised: $94.0M

Round: Series C

Funding Month: October 2022

Lead Investors: Insight Partners

Additional Investors: Lightspeed Venture Partners, HarbourVest Partners, SE Ventures, PSP Growth, Norwest Venture Partners, Menlo Ventures, Telstra Ventures, Peter Wendell's Sierra Ventures, Alumni Ventures, Gaingels, and MIT alumni fund Castor Ventures

Company Website: https://enable.com/

Software Category: SaaS Rebate Management Platform

About the Company: Founded in 2016, Enable is the SaaS rebate management platform that drives trusted relationships between B2B trading partners. Enable helps manufacturers, distributors, and retailers take control of their rebate programs and turn them into an engine for growth. It helps manage rebate complexity with automated real-time data and insights, accurate forecasting, and stronger cross-functional alignment. Enable employs 400 people throughout the U.S., U.K., Canada, and Australia.

Source: https://tech.eu/2022/10/18/rebate-programme-facilitator-enable-further-enabled-with-94-million-round




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