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- Mable
Mable Funding, Investors & Competitors
Mable has raised $114M across 4 funding rounds, most recently a $100M undisclosed-stage round in September 2021.
Last Mable funding round
$100M
Undisclosed stage · Sep 2021
Mable revenue
$72M
Undisclosed stage · Sep 2021
Key investors in Mable
Morphic Ethical Equity Fund
General Atlantic
Macdoch Ventures
Scaleup Mediafund
Keith Kerridge
About Mable
Mable is a Melbourne-headquartered online marketplace matching people with disabilities and elderly individuals to independent support workers. Users self-select carers for in-home assistance, respite, and therapy sessions, with payments processed via Stripe. Founded in 2016, Mable operates nationwide in Australia, serving over 100,000 participants through NDIS-registered providers.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$72M (Sep 2021)
Mable Revenue
Mable's latest recorded revenue is $72M, as of its undisclosed-stage round in September 2021.
Mable revenue by funding round
| Date | Revenue * | Stage |
|---|---|---|
| Sep 2021 | $72M | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Mable Funding History
Mable has raised a total of $114M across 4 funding rounds.
Mable's first fundraising round was a $2M Series B in September 2015. The most recent completed round was a $100M undisclosed-stage round in September 2021.
Mable funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2021 | Undisclosed stage | General Atlantic (lead) | $100M | Mable is a profit-for-purpose health technology company operating a safeguarded online platform that connects clients with independent support workers for aged care, disability services, and home care, primarily in Australia. Founded in 2014 by Peter Scutt and Tony Charara, it emphasizes consumer choice, control, and tailored experiences, with two-thirds of users being NDIS participants and one-third home care recipients. The platform had over 11,000 providers and attracted over 1,000 weekly worker applications, rising to 2,000 during the 2020 COVID-19 wave. On September 12, 2021, Mable secured a $100 million equity investment from General Atlantic, a global growth equity firm, to accelerate platform growth, expand nationally including rural areas, attract more workers, and enhance customer experiences. General Atlantic acquired a minority stake, marking their first investment in Australia, with the deal approved by the Foreign Investment Review Board. This followed a $15 million round led by Ellerston JAADE Fund in 2019. General Atlantic valued Mable's philanthropic roots, transformative model, and social impact potential, aligning with their goals of supporting entrepreneurs, positive world impact, and philanthropy. |
| May 2019 | Series C | Morphic Ethical Equity Fund (lead) | $10M | - |
| Oct 2016 | Series C | Morphic Ethical Equity Fund (lead); Scaleup Mediafund | $2M | - |
| Sep 2015 | Series B | Macdoch Ventures; Keith Kerridge | $2M | - |
Who has invested in Mable?
5 investors have backed Mable across its funding rounds, including Morphic Ethical Equity Fund, General Atlantic, Macdoch Ventures, Scaleup Mediafund and Keith Kerridge.
Lead investors include General Atlantic and Morphic Ethical Equity Fund.
Mable Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2016 | ||
| 1 | Participant | Oct 2016 | ||
| 1 | Lead | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 5 Mable investors. Start Free Trial | ||||
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Start Free TrialMable Competitors
Mable competitors include listed companies like Bending Spoons and Kakao, and private ones like Snabbit, Honor, ByteDance and Telegram.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $11M | - | $350M | - | ||
| Private | - | - | $1.3B | - | ||
| Private | $186B | - | $480B | 2.6x | ||
| Private | - | - | $30B | - | ||
| Publicly listed | $2.6B | $520M | $28B | - | ||
| Publicly listed | $6B | $1.1B | $11B | 0.8x |
Mable Public Comps
Mable is still privately-owned, but its public comps include Meta, Bending Spoons, Rollins, BrightSpring Health, Kakao, Ensign Group, Service Corporation International, Hinge Health, Match Group and Duolingo.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $201B | $104B | 7.9x | 6.4x | 15.4x | 11.3x | |||
| $2.6B | $520M | 12.2x | - | 61.4x | - | |||
| $3.8B | $854M | 5.1x | 4.8x | 22.5x | 22.1x | |||
| $13B | $460M | 1.2x | 1.0x | 32.7x | 18.3x | |||
| $6B | $1.1B | 0.8x | 0.8x | 4.4x | 3.7x | |||
| $5.1B | $543M | 2.5x | 2.2x | 22.9x | 17.2x | |||
| $4.3B | $1.3B | 3.5x | 3.4x | 11.3x | 11.2x | |||
| $588M | ($522M) | 15.4x | 10.8x | (17.4x) | 36.3x | |||
This data is available for Pro users. Sign up to see all Mable competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mable
| When was Mable founded? | Mable was founded in 2014. |
| Where is Mable headquartered? | Mable is headquartered in Sydney, Australia. |
| Is Mable publicly listed? | No, Mable is a private, VC-backed company. |
| How much funding has Mable raised? | Mable has raised $114M across 4 funding rounds. |
| What was Mable's last funding round? | Mable's last funding round was a $100M undisclosed-stage round in September 2021, led by General Atlantic. |
| Who are Mable's investors? | Mable's investors include Morphic Ethical Equity Fund, Scaleup Mediafund, General Atlantic, Macdoch Ventures and Keith Kerridge. |
| What is Mable's revenue? | Mable's latest recorded revenue is $72M (September 2021). |
| Which companies are comparable to Mable? | Companies comparable to Mable include Snabbit, Honor, ByteDance, Telegram, Bending Spoons and Kakao. |
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