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- Enable
Enable Valuation, Funding & Investors
Enable is valued at $1.1B as of November 2023.
Last Enable valuation
$1.1B
Series D · Nov 2023
Last Enable funding round
$120M
Series D · Nov 2023
Cumulative funding Enable raised
$276M
across 4 funding rounds
Key investors in Enable
Menlo Ventures
Norwest
Sierra Ventures
Lightspeed Venture Partners
Insight Partners
Titanium Ventures
About Enable
Enable is a SaaS platform for rebate management helping distributors, manufacturers, and retailers calculate, plan, and accrue B2B deals. The software automates incentive programs to drive profitable growth through collaborative trading partner portals. Founded in 2016 and headquartered in San Francisco, California, Enable integrates with ERP systems for precise rebate tracking across retail supply chains.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.1B (Nov 2023)
Enable Valuation
Enable is currently valued at $1.1B, based on its Series D in November 2023.
The $120M round was led by Lightspeed Venture Partners, with participation from Menlo Ventures, Norwest, Sierra Ventures, Insight Partners and Olive Technology Ventures.
Enable valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2023 | Series D | $1.1B |
Enable Funding History
Enable has raised a total of $276M across 4 funding rounds.
Enable's first fundraising round was a $17M Series A in March 2020. The most recent completed round was a $120M Series D in November 2023.
Enable funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series D | Lightspeed Venture Partners (lead); Menlo Ventures; Norwest; Sierra Ventures; Insight Partners; Olive Technology Ventures | $120M | $1.1B | Enable is a rebate management platform that serves the B2B space, providing a centralized system of record for managing rebate agreements across trading partnerships. The company's product helps customers manage supply chain relationships more strategically, with the company reporting that customers achieve an average 4x return on investment, save more than 40 hours per month, and can immediately recover $300,000 or more in value. Founded with roots in property management software, Enable was launched in the U.S. in 2019 and had achieved triple-digit annual growth every year prior to the Series D funding round. In November 2023, Enable announced a $120 million Series D funding round led by Lightspeed Venture Partners, with participation from prior lead investors Menlo Ventures, Norwest Venture Partners, Insight Partners, and Sierra Ventures. The round valued the company at $1.12 billion post-money and brought total capital raised since 2020 to $276 million. At the time of the announcement, Enable had five global locations and over 550 employees, with thousands of companies using its platform worldwide. The company was on track to more than double its revenue by the end of 2023 and indicated plans to grow its headcount to approximately 600 by year-end, with proceeds directed toward accelerating product development, enhancing collaborative features, and supporting global expansion. |
| Oct 2022 | Series C | Insight Partners (lead); Menlo Ventures; Titanium Ventures; Norwest; Lightspeed Venture Partners; SE Ventures; PSP Growth; HarbourVest Partners | $94M | - | Enable is a revenue management platform focused on volume rebates and incentives for manufacturers and trading partners, as indicated by their 2022 white paper surveying nearly 250 manufacturers on rebate programs. The company has raised a total of $273.73M across 6 rounds, with the specified October 2022 round matching the investor list including Insight Partners as lead, alongside HarbourVest Partners, Lightspeed Venture Partners, Menlo Ventures, Norwest, PSP Growth, SE Ventures, and Titanium Ventures. |
| Aug 2021 | Series B | Norwest (lead); Menlo Ventures; Titanium Ventures; Sierra Ventures; Alumni Ventures; Rising Tide | $45M | - | Enable has raised $273.73 million across 6 funding rounds as of November 2023. The company's most recent disclosed funding round was a Series D for $120 million on November 7, 2023. |
| Mar 2020 | Series A | Menlo Ventures (lead); Castor Ventures; Incisive Ventures; Sierra Ventures; Gaingels | $17M | - | - |
Who has invested in Enable?
15 investors have backed Enable across its funding rounds, including Menlo Ventures, Norwest, Sierra Ventures, Lightspeed Venture Partners, Insight Partners and Titanium Ventures.
Lead investors include Lightspeed Venture Partners, Insight Partners, Norwest and Menlo Ventures.
Enable Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Mar 2020 | ||
| 3 | Lead | Aug 2021 | ||
| 3 | Participant | Mar 2020 | ||
| 2 | Participant | Aug 2021 | ||
| 2 | Lead | Oct 2022 | ||
| 2 | Lead | Oct 2022 | ||
| 1 | Participant | Mar 2020 | ||
| 1 | Participant | Mar 2020 | ||
| 1 | Participant | Aug 2021 | ||
| -- | 1 | Participant | Aug 2021 | |
| 1 | Participant | Mar 2020 | ||
| 1 | Participant | Oct 2022 | ||
| 1 | Participant | Nov 2023 | ||
This data is available for Pro users. Sign up to see all 15 Enable investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Enable
Enable has acquired 2 companies to date.
Last acquisition by Enable was on January 15th 2025. Enable acquired Flintfox International for undisclosed valuation.
Latest Acquisitions by Enable
| Description | Flintfox International is an Auckland-headquartered provider of cloud ERP software for consumer goods industries. Founded in 2001, it offers integrated solutions for order management, financial consolidation, and supply chain execution serving clients like Coca-Cola Amatil and Lion Nathan. The platform processes multi-currency transactions and warehouse operations across 50 countries. Flintfox employs over 250 staff in offices spanning New Zealand, the US, UK, and Australia. | Profectus-Rebate Deal Management is a technology platform automating rebate processing and deal management for enterprises. London-headquartered, it connects with ERP systems such as SAP, Oracle, and Microsoft Dynamics to handle accruals, claims, and settlements. The software serves consumer goods firms in Europe, reducing manual errors in supplier and channel partner programs. |
| HQ Country | ||
| HQ City | Auckland | London |
| Deal Date | 15 Jan 2025 | 30 Nov 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Enable acquisitions and their M&A valuation multiples. Start Free Trial | ||
Enable Competitors
Enable competitors include listed companies like Arab Sea and 74Software, and private ones like Xforceplus, JD Digits, Spendesk and Juniper Square.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $14M | ($608K) | $97M | - | ||
| Private | - | - | $18B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | $108M | - | $1.1B | 10.2x | ||
| Publicly listed | $814M | $112M | $1.3B | 1.8x |
Enable Public Comps
Enable is still privately-owned, but its public comps include 74Software, Fujian Boss Software, Freee, BlackLine, Teamshares, Miroku Jyoho Service, Nordtech Group, Baiwang Cloud, Avant Group and Zaggle Prepaid Ocean.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $814M | $112M | 1.9x | 1.8x | 13.7x | 9.8x | |||
| $299M | $40M | 2.8x | 2.9x | 21.1x | 21.0x | |||
| $214M | $6M | 6.3x | 4.8x | 237.7x | 65.4x | |||
| $700M | $72M | 2.6x | 2.5x | 25.6x | 8.5x | |||
| $472M | ($23M) | 1.7x | 1.4x | (35.0x) | 33.2x | |||
| $315M | $58M | 1.1x | 1.1x | 6.0x | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $109M | $433K | 2.6x | 2.7x | 648.3x | - | |||
This data is available for Pro users. Sign up to see all Enable competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Enable
| When was Enable founded? | Enable was founded in 2016. |
| Where is Enable headquartered? | Enable is headquartered in San Francisco, CA, United States. |
| Is Enable publicly listed? | No, Enable is a private, VC-backed company. |
| What is Enable's valuation? | Enable was last valued at $1.1B in its Series D in November 2023. |
| How much funding has Enable raised? | Enable has raised $276M across 4 funding rounds. |
| What was Enable's last funding round? | Enable's last funding round was a $120M Series D in November 2023, led by Lightspeed Venture Partners. |
| Who are Enable's investors? | Enable's investors include Menlo Ventures, Norwest, Sierra Ventures, Titanium Ventures, Lightspeed Venture Partners, Insight Partners, Castor Ventures, Incisive Ventures, Alumni Ventures, Rising Tide and 5 others. |
| Which companies are comparable to Enable? | Companies comparable to Enable include Xforceplus, Arab Sea, JD Digits, Spendesk, Juniper Square and 74Software. |
| How many companies has Enable acquired? | Enable has acquired 2 companies, including Flintfox International and Profectus-Rebate Deal Management. |
See companies similar to Enable
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