Mable Funding, Investors & Competitors

Mable has raised $114M across 4 funding rounds, most recently a $100M undisclosed-stage round in September 2021.

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Last Mable funding round

$100M

Undisclosed stage · Sep 2021

Cumulative funding Mable raised

$114M

across 4 funding rounds

Key investors in Mable

Mable Overview

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

AustraliaSydney

Status

Privately held

Customer focus

B2C

Revenue model

Commission

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

Mable funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2021Undisclosed stageGeneral Atlantic (lead)$100MMable 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 2019Series CMorphic Ethical Equity Fd (lead)$10M-
Oct 2016Series CMorphic Ethical Equity Fd (lead); Scale Up Media Fund$2M-
Sep 2015Series BTony Wales; Macdoch Ventures; Keith Kerridge$2M-

Who has invested in Mable?

6 investors have backed Mable across its funding rounds, including Morphic Ethical Equity Fd, General Atlantic, Macdoch Ventures, Scale Up Media Fund, Keith Kerridge and Tony Wales.

Lead investors include General Atlantic and Morphic Ethical Equity Fd.


Mable Investors

Investors in Mable by funding rounds participated
InvestorHQRoundsRoleFirst check
Morphic Ethical Equity FdAustraliaSydney2LeadOct 2016
Tony Wales--1ParticipantSep 2015
Scale Up Media FundAustraliaSydney1ParticipantOct 2016
General AtlanticUnited StatesNew York City, NY1LeadSep 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Mable Competitors

Mable competitors include listed companies like Bending Spoons and Kakao, and private ones like Snabbit, Honor, ByteDance and Telegram.

Public and private companies comparable to Mable
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SnabbitIndiaMumbaiPrivate$11M-$350M-
HonorUnited StatesBoston, MAPrivate--$1.3B-
ByteDanceChinaBeijingPrivate$186B-$480B2.6x
TelegramUAEDubaiPrivate--$30B-
Bending SpoonsItalyItalyPublicly listed$2.6B$520M$24B-
KakaoSouth KoreaSouth KoreaPublicly listed$5.9B$1.1B$11B0.9x

Mable Public Comps

Mable is still privately-owned, but its public comps include Meta, Bending Spoons, Rollins, BrightSpring Health, Service Corporation International, Kakao, Ensign Group, Match Group, Kunlun and Hinge Health.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B8.8x7.4x17.0x12.7x
Bending Spoons$2.6B$520M11.0x-54.9x-
Rollins$3.8B$854M4.5x4.2x19.8x19.1x
BrightSpring Health$13B$460M1.0x0.9x28.4x16.8x
Service Corporation International$4.3B$1.3B3.7x3.6x11.9x11.7x
Kakao$5.9B$1.1B0.9x0.9x4.8x4.1x
Ensign Group$5.1B$543M2.4x2.1x22.3x17.5x
Match Group$3.5B$939M3.7x3.7x13.9x10.0x

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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 Fd, Tony Wales, Scale Up Media Fund, General Atlantic, Macdoch Ventures and Keith Kerridge.
Which companies are comparable to Mable?Companies comparable to Mable include Snabbit, Honor, ByteDance, Telegram, Bending Spoons and Kakao.

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