Enable, a San Francisco, CA-based cloud-based software solution for B2B rebate management, raised $45m in Series B funding.
The round, which brought total funding to $62m, was led by Norwest Venture Partners with participation from previous investors Menlo Ventures and Sierra Ventures, along with several angel investors. In addition to the raise, Sean Jacobsohn, Partner at Norwest Venture Partners, will join Enable’s Board of Directors.
The company intends to use the funds to continue to expand operations and its business reach. Key areas for enhancements include:
- expanding the types of incentives, trading programs and deals that customers will be able to manage;
- making it simpler and easier for customers to onboard and use the platform; and
- extending the range of actionable insights available to customers so they can improve quality decisions.
Led by Andrew Butt, Co-founder & CEO, Enable provides a collaboration platform for maximizing the performance of B2B deals while improving financial transparency and driving operational efficiency. With Enable, users can model every rebate deal, even the most complex ones. Over the past year, the company expanded its original roots in the UK, built a presence across USA and Canada, and extended its customer base in Australia and South Africa.