Enable, a San Francisco, CA-based provider of a collaborative rebate management platform, raised $94M in Series funding.
The round was led by Insight Partners with participation from Lightspeed Venture Partners, HarbourVest Partners, SE Ventures, PSP Growth, Norwest Venture Partners, Menlo Ventures, and Telstra Ventures. In addition to the raise, Philine Huizing from Insight Partners will join Enable’s Board of Directors.
The company intends to use the funds to accelerate the growth of its rebate management platform.
Led by CEO Andrew Butt, Enable helps manufacturers, distributors, and retailers take control of their rebate programs and turn them into an engine for growth, through automated real-time data and insights, forecasting and cross-functional alignment, starting with finance and commercial teams.
The company is set to more than double its revenue by year end and has grown to over 400 today, with thousands of companies using its platform across North America, Europe and Australia. To accommodate this expansion, Enable opened a facility in Toronto, Ontario last year and another location in Sydney, Australia last month.
FinSMEs
19/10/2022