Lightspeed Venture Partners led the $120m Series D round in Enable.

Lightspeed Venture Partners, a venture capital firm, led the $120m Series D round in Enable, a software company, with participation from Menlo Ventures, Sierra Ventures, Insight Partners and Norwest Venture Partners. “When we started this journey, rebates were quite often an afterthought, put in place because trading partners felt they needed to. Rebate programs were generally managed in Excel spreadsheets, and not well communicated. Their real value wasn’t understood. By helping the market to understand how to strategically use rebates for growth, and by demonstrating the financial outcomes our customers are achieving, we’re bringing to light what effective rebate management can deliver. Our customers average a 4x return on investment, save more than 40 hours a month, and can immediately return $300k or more. With this round of funding, we will drive even more financial outcomes for companies that are feeling the crunch of the supply chain and wanting to invest in their growth and partnerships,” Andrew Butt, Enable Co-founder and CEO.