The Barclays-backed enterprise rebate platform developer has confirmed its first external funding, with Menlo Ventures leading the round.
Enable, a US-based deal management software provider backed by financial services firm Barclays, has secured $13m in series A funding, TechCrunch reported yesterday.
Menlo Ventures led the round, participating alongside fellow venture capital firm Sierra Ventures, and Menlo partner Steve Sloane is joining Enable’s board of directors.
Founded in 2000, Enable has built a software platform that streamlines the assembly of rebates through business-to-business transactions. It will put the funding toward increasing headcount and expanding its customer base.
Barclays had…
