About Stable
Stable is a company based in London (United Kingdom) founded in 2017 by Rich Counsell. It operates as a AI-as-a-Service and Subscription Services. Stable has raised $419.68 million across 7 funding rounds from investors including Syngenta, Ascot and Anthemis Group. Stable offers products and services including Commodity Risk Management Platform, Stable Agriculture, Stable Renewables, and Stable Packaging. Stable operates in a competitive market with competitors including MicroEnsure, Diginex, BGL Group, Bima Milvik and ARMD, among others.
- Headquarter London, United Kingdom
- Founders Rich Counsell
- SectorsTechnologyFinancial Services
- Email••••••••
- Website stableclub.com
- Social LinkedIn X
- Legal Name Stable Usa Inc
- Total Equity Funding$419.68M (USD)
in 7 rounds
- Latest Funding Round$298.29M (USD), Series B
Feb 2023
- InvestorsSyngenta
& 8 more
Products & Services of Stable
Stable offers a comprehensive portfolio of products and services, including Commodity Risk Management Platform, Stable Agriculture, Stable Renewables, and Stable Packaging.
Platform for managing commodity price risk with AI.
Solutions for hedging untraded agricultural commodity prices.
Tools for managing price risk in renewables.
Risk management for packaging commodity price volatility.
Funding Insights of Stable
Stable has successfully raised a total of $419.68M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $298.29 million completed in February 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 $419.68M
- Total Rounds 7
- Last Round Series B — $298.29M
- First Round $2.23M
(Apr 2018)
- Investors Count 9
All 7 funding rounds of Stable with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $298.29M | Series B | – | – | – |
| May 2022 | $60M | Series B | – | Acrew Capital | |
| Oct 2021 | $46.5M | Series A | – | Greycroft | |
| Jun 2020 | $3.5M | Seed | – | Anthemis Group | – |
| May 2019 | $3.15M | Series A | – | – | – |
| Mar 2019 | $6M | Seed | – | Anthemis Group | |
| Apr 2018 | $2.23M | Seed | – | – | – |
9 investors in total: 9 institutional.
Investors in Stable
Stable has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Syngenta, Ascot and Anthemis Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early and growth-stage startups are funded by Anthemis Group. | 2008 | anthemis.com | London, United Kingdom | |
Venture capital investment in European business software companies, focusing on early-stage opportunities in London. | – | notion.vc | - | |
Multiple sectors are targeted for venture capital investments by Greycroft. | – | greycroft.com | New York, United States | |
Investments are directed to food, agribusiness, and commodities sectors. | – | continentalgrain.com | New York, United States | |
- | – | acrewcapital.com | - | |
- | – | syngentaventures.com | - | |
Crop protection solutions and hybrid seeds are provided for farming. | 2000 | syngenta.com | Basel, Switzerland | |
Insurance and reinsurance services are provided by Ascot Group. | 2005 | ascotgroup.com | London, United Kingdom | |
- | – | syngentagroupventures.com | - |
Investor details for Stable
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Stable
10 people are tracked at Stable (8 in leadership, 1 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Rich Counsell | Founder & CEO | Leadership |
William Ormerod | VP, Underwriting | Leadership |
Rachel Qian | VP, Data Science | Leadership |
Karan Kampani | VP, Product | Leadership |
Andy Leaver | Head of Revenue | Leadership |
Jerry Dalton | Director, Risk Solutions | Leadership |
Nikki-Lynn Marshall | Head of Risk Capital Strategy | Leadership |
Louise Derbes | VP, Sales Operations | Leadership |
Charles Norton-Smith | Senior Advisor, Risk | Board & advisors |
Patrick Tear | Junior Underwriter | Team |
Complete people profiles for Stable
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Stable
3 dated milestones of Stable across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Stable is founded.
- Funding First funding round of $2.2M.
- Funding Latest funding round, Series B, of $298.3M.
Competitors of Stable
Stable 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 MicroEnsure, Diginex, BGL Group, Bima Milvik and ARMD, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| microensure.com | 2002 | Cheltenham, United Kingdom | $28M | – | Micro-insurance is delivered online to low-income individuals and businesses. | |
| diginex.com | 2017 | Hong Kong, China | $6M | – | ESG reporting and supply chain risk management software is provided. | |
| bglgroup.co.uk | 1992 | Peterborough, United Kingdom | $905.72M | 1,708 | Insurance and financial services are distributed digitally by BGL Group. | |
| bimamobile.com | 2010 | London, United Kingdom | $208.8M | 31 | Mobile-based insurance and health services are delivered through a platform. | |
| armd.uk | 2020 | London, United Kingdom | $469,918 | 3 | Risks for tradespeople are mitigated through an app-based insurance platform. | |
| nqc.com | 2003 | Manchester, United Kingdom | – | 96 | Offers solutions for managing supply chain risks and compliance. | |
| the-exeter.com | 2008 | Exeter, United Kingdom | – | – | Offers life insurance, income protection, health coverage, and member benefits to individuals. | |
| capsulecover.com | 2021 | Cheltenham, United Kingdom | $1.22M | – | Specialized insurance products are offered to high-growth companies. |
Detailed competitors of Stable
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Stable
10 companies that operate in the same segment as Stable (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 648 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | – | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Frequently Asked Questions about Stable
Stable was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Stable is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Rich Counsell is the current CEO of Stable. They have also founded this company.
Stable is a funded company, having raised a total of $419.68M across 7 funding rounds to date. The company's 1st funding round was a Seed of $2.23M, raised on Apr 2018.
Stable is engaged in providing innovative solutions for commodity price risk management. The company operates through divisions like Stable Agriculture, Stable Renewables, and Stable Packaging, targeting untraded markets. AI-powered tools are utilized to analyze and manage risks for businesses ranging from family enterprises to Fortune 500 companies. Services are designed to bring predictability to financial outcomes by offering protection against volatile commodity prices. Partnerships with highly rated insurers ensure contract reliability, while operations span across the US, UK, and Bermuda to address global client needs.
Stable's top competitors include Diginex, Bima Milvik and MicroEnsure.
Stable offers Commodity Risk Management Platform, Stable Agriculture, Stable Renewables, and Stable Packaging.
Stable has 9 investors. Key investors include Syngenta, Ascot, Anthemis Group, Notion Capital, and Greycroft.
Stable operates through Stable Usa Inc.