What is Able?
Founded in 2019 and headquartered in San Jose, California, Able operates as the first income management platform specifically engineered for the nuances of the creator economy and independent professionals. The platform aims to streamline financial operations for a demographic that often faces unique income volatility and administrative challenges. This enterprise-level funding positions Able for substantial growth and expansion within its niche market.
How much funding has Able raised?
Able has raised a total of $3.3M across 1 funding round:
Angel/Seed
$3.3M
Angel/Seed (2021): $3.3M with participation from LocalGlobe, Next Coast Ventures, Moonshots Capital, and Elefund
Key Investors in Able
LocalGlobe
LocalGlobe is an early-stage venture capital firm known for investing in transformative technology companies. Their involvement suggests a belief in Able's foundational technology and market potential.
Next Coast Ventures
Next Coast Ventures is an Austin-based venture capital firm that partners with bold entrepreneurs building innovative companies in big markets, providing early-stage capital to high-growth startups.
Moonshots Capital
Moonshots Capital, founded by military veterans, deploys capital and operational experience to help world-changing companies grow, indicating a focus on high-impact ventures.
What's next for Able?
The recent major strategic investment signals a new phase of development and scaling for Able. With substantial capital and strategic backing, the company is poised to enhance its platform capabilities, expand its user base, and potentially explore new verticals within the burgeoning creator economy. This financing round is expected to fuel innovation and solidify Able's market leadership in income management solutions for independent workers.
See full Able company page
