Rebate management platform Enable secures $120 million funding
Enable, the rebate management platform, has secured $120 million in Series D funding led by Lightspeed Venture Partners, with participation from previous lead investors Menlo Ventures, Norwest Venture Partners, Insight Partners, and Sierra Ventures. This funding round brings the company's valuation to $1.12 billion and the total amount raised since 2020 to $276 million. In addition to the funding, Enable has added two new members to its Board of Directors: Dan Levin, former President and COO at Box, and Arsham Memarzadeh, a Partner at Lightspeed. With this funding, Enable aims to drive financial outcomes for companies experiencing supply chain challenges and looking to invest in growth and partnerships.
Enable is experiencing rapid growth and is on track to more than double its revenue by the end of the year.
The company, which has over 550 employees and five locations worldwide, provides rebate management solutions to thousands of companies globally. The funding will be used to accelerate the growth of Enable's rebate management platform, enhance its actionable insight capabilities, and support global expansion by hiring new team members. Rebate management is becoming increasingly important in today's complex supply chain landscape, and Enable assists businesses in optimizing sales and profit by managing rebate complexity and fostering cross-functional alignment.
Enable is the leading rebate management platform that enables manufacturers, distributors, and retailers to leverage rebates as a strategic tool for growth. The platform provides automated real-time data and insights, accurate forecasting, and stronger cross-functional alignment, allowing companies to better manage rebate complexity. Enable's solution brings clarity and predictability to rebate programs, saving companies millions of dollars and creating value for customers. With the newly added members to its Board of Directors, Enable is poised to continue scaling the business and creating even more value for its clients.
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 Menlo Ventures( ) Menlo Ventures is a venture capital firm investing in transformative technology ... Menlo Park, US | ||||
 Norwest Venture Partners( ) Palo Alto, US | ||||
 Insight Partners( ) Insight Partners focuses on software companies at every stage of growth, providi... NYC, US | ||||
 Sierra Ventures( ) San Mateo, US | ||||
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