Mable Funding, Investors & Competitors

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

See full Mable profile

Last Mable funding round

$100M

Undisclosed stage · Sep 2021

Mable revenue

$72M

Undisclosed stage · Sep 2021

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

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

Mable revenue and valuation multiple by funding round
DateRevenue *Stage
Sep 2021$72MUndisclosed 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

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 Fund (lead)$10M-
Oct 2016Series CMorphic Ethical Equity Fund (lead); Scaleup Mediafund$2M-
Sep 2015Series BMacdoch 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

Investors in Mable by funding rounds participated
InvestorHQRoundsRoleFirst check
Morphic Ethical Equity FundAustraliaSydney2LeadOct 2016
Scaleup MediafundAustraliaSydney1ParticipantOct 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$28B-
KakaoSouth KoreaSouth KoreaPublicly listed$6B$1.1B$11B0.8x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Meta$201B$104B7.9x6.4x15.4x11.3x
Bending Spoons$2.6B$520M12.2x-61.4x-
Rollins$3.8B$854M5.1x4.8x22.5x22.1x
BrightSpring Health$13B$460M1.2x1.0x32.7x18.3x
Kakao$6B$1.1B0.8x0.8x4.4x3.7x
Ensign Group$5.1B$543M2.5x2.2x22.9x17.2x
Service Corporation International$4.3B$1.3B3.5x3.4x11.3x11.2x
Hinge Health$588M($522M)15.4x10.8x(17.4x)36.3x

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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 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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