Bringing its valuation to $1.12 billion, Enable scored $120 million in its latest Series D funding round led by Lightspeed Venture Partners, with participation from existing investors like Menlo Ventures, Norwest Venture Partners, Insight Partners and Sierra Ventures.
The rebate management software company Rebate empowers manufacturers, distributors and retailers to leverage rebates for growth strategically. The platform equips finance and commercial teams with tools to manage rebate complexities, optimize sales and enhance revenue and profitability.
The company’s platform facilitates collaboration and strengthens relationships across supply chains, allowing businesses to optimize deals and rebates. Enable plans to use the raised funds to accelerate its global expansion and further enhance its platform, empowering more firms to streamline their operations and achieve greater efficiency. The significant investment reflects the market’s recognition of Enable’s pivotal role in driving innovation within the supply chain landscape.
(This news was originally published on ReadITQuik)