Enable is a software startup that allows businesses to easily track and reconcile rebates, making it easier to identify missed opportunities and minimize errors. Enable‘s analytics tools provide valuable insights into rebate performance, helping businesses make informed decisions and improve their overall profitability.
Enable has raised $120 million in Series D funding at a $1.12 billion valuation. The new round was led by Lightspeed Venture Partners with participation from previous lead investors Menlo Ventures, Norwest Venture Partners, Insight Partners, and Sierra Ventures. In total, Enable has raised $276 million till that moment. The startup intends to utilize the fresh funding to accelerate the expansion of its platform, making the product faster to adopt, able to deliver even actionable insight for additional revenue and profit opportunities
Enable, San Francisco, California, United States, was founded in 2016 by Andrew Butt, David Hunt, and Denys C. Shortt. “By helping the market to understand how to strategically use rebates for growth, and by demonstrating the financial outcomes our customers are achieving, we’re bringing to light what effective rebate management can deliver,” said Enable co-founder and Chief Executive Andrew Butt. “With this round of funding, we will drive larger financial outcomes for manufacturers, distributors, and retailers who are feeling the crunch of the supply chain more than ever.”