Enable Hits $1B Valuation Post Series D Funding

Enable Hits $1B Valuation Post Series D Funding

Enable has ascended to unicorn status with a hefty $1 billion pre-money valuation in the wake of a significant Series D funding.

Transaction snapshot

  • Deal value: $120 million
  • Investors: Lightspeed Venture Partners, Menlo Ventures, Norwest Venture Partners, Insight Partners, Sierra Ventures
  • Company: Enable, a SaaS platform facilitating B2B rebate management for manufacturers, distributors, and retailers.

Company snapshot

Founded in 2016, Enable has revolutionized rebate management, enabling businesses to track, negotiate, and capitalise on B2B rebate agreements all within a single platform.

Following the infusion of capital, Enable has confirmed its intentions to expedite product development and scale its operations to meet growing market demand. The San Francisco-based company anticipates increasing its current workforce from 550 to 600 by year's end. Amidst challenging supply chain dynamics, Enable's innovative approach to rebate management has allowed its customers to bolster revenue, margins, and customer loyalty effectively.

In recent strategic moves, Enable acquired Profectus Group’s rebate management system, expanding its reach into the Australian market and enhancing its auditing and compliance capabilities. Alongside this, the company has introduced features such as special pricing agreements and inventory rebate accounting, further enriching the value of its platform.

Lightspeed Venture Partners, an investor since mid-2022, commended Enable’s impressive performance and the significant network effects of its growing customer base. The latest funding round, according to partner Arsham Memarzadeh, is a testament to Enable’s immediate ROI and the vast, untapped potential in the market.

CEO Andrew Butt cites the company’s steadfast dedication to its clients’ revenue and margin growth as a cornerstone of Enable’s success, alongside its robust and transparent trade agreement collaborations across the supply chain. With this recent financial milestone, Enable is poised for accelerated product innovation and market expansion.

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