About Enable
Enable is a company founded in 2016 by David Hunt and Andrew Butt.. Enable has raised $274.4 million across 5 funding rounds from investors including Barclays, Lightspeed Venture Partners and HarbourVest Partners. Enable has completed 2 acquisitions, including Flintfox and Profectus Group. Enable operates in a competitive market with competitors including E-Bate and Global Equities, among others.
- Founders David Hunt, Andrew Butt
- Stage Unicorn
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Sectors
Technology
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Email
***********
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Phone
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Website
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Social
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Software Development Team
46 people
Engineer Team
16 people
Product Management Team
15 people
Leadership Team
15 people
Data Analysis and Operations Team
9 people
Senior Team
9 people
Human Resources and Administration
8 people
Finance and Accounting
7 people
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Funding Insights of Enable
Enable has successfully raised a total of $274.4M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $120 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $120.0M
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First Round
First Round
(09 Oct 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series D - Enable | Valuation | Lightspeed Venture Partners | |
| Oct, 2022 | Amount | Series C - Enable | Valuation | Insight Partners | |
| Aug, 2021 | Amount | Series B - Enable | Valuation | Norwest Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Enable
Enable has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Barclays, Lightspeed Venture Partners and HarbourVest Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Enable
Enable has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Flintfox and Profectus Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of audits, compliance and rebate deal management services
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2001 | ||||
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Trade and revenue management software solutions are provided to enterprises.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Enable
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Enable Comparisons
Competitors of Enable
Enable operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as E-Bate and Global Equities, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based rebate management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Provides software for efficient tax rebate management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Enable
Frequently Asked Questions about Enable
When was Enable founded?
Enable was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Who is the current CEO of Enable?
Andrew Butt is the current CEO of Enable. They have also founded this company.
Is Enable a funded company?
Enable is a funded company, having raised a total of $274.4M across 5 funding rounds to date. The company's 1st funding round was a Series B of $45M, raised on Oct 09, 2019.
What does Enable do?
Enable was founded in 2016 as a SaaS provider focused on B2B rebate management within the software services sector. Operations encompass .Net development, mobile applications, customer dashboards, process automation, business intelligence tools, product prototyping, systems integration, and user experience design. Clients served include BBC, Bupa, DHL, Halfords, Mitsubishi Electric, NHS, and Sainsburys, with activities centered in the UK and Europe.
Who are the top competitors of Enable?
Enable's top competitors include E-Bate and Global Equities.
How many acquisitions has Enable made?
Enable has made 2 acquisitions, including Flintfox, and Profectus Group.
Who are Enable's investors?
Enable has 10 investors. Key investors include Barclays, Lightspeed Venture Partners, HarbourVest Partners, Norwest Venture Partners, and Menlo Ventures.
What is Enable's valuation?
The valuation of Enable is $1.12B as of Nov 2023.
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