What is ABLE?
ABLE Missions is a charitable organization dedicated to improving living and learning conditions globally through volunteer-driven efforts. They engage in various projects, including school renovations, medical relief, and community support in countries like Haiti, Uganda, and Mexico. The organization emphasizes local community involvement in their initiatives and operates with low administrative costs to maximize the impact of donations. Their programs also include ABLE Youth, which encourages children to participate in service activities and fundraising efforts. The company's funding trajectory, marked by Series A, Private Equity, and significant Debt financing, indicates a mature operational phase focused on scaling its charitable impact.
How much funding has ABLE raised?
ABLE has raised a total of $106.4M across 3 funding rounds:
Private Equity
$1.5M
Series A
$4.9M
Debt
$100M
Private Equity (2011): $1.5M with participation from Western Technology Investment, Floodgate, Expansion VC, LLC, Correlation Ventures, Peterson Partners, TDF Ventures, and Founders Fund
Series A (2013): $4.9M led by Expansion VC, Peterson Partners, Founders Fund, Western Technology Investment, Correlation Ventures, Floodgate, and TDF Ventures
Debt (2016): $100M supported by Community Investment Management
Key Investors in ABLE
Community Investment Management
Community Investment Management is a private credit investment manager focused on advancing fintech solutions in North America and emerging markets. They provide secured, strategic debt capital to help fintech companies effectively and responsibly scale their credit products.
Expansion VC, LLC
Expansion Venture Capital is an early-stage venture capital firm that invests in passionate entrepreneurs at the Pre-seed, Seed, and select Series A stages, focusing on providing financial and operational support to help founders tackle significant market challenges through technology.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages, with partners who have been founders and early funders of major tech companies.
What's next for ABLE?
The recent major strategic investment in ABLE signals a pivotal moment for the organization, likely enabling the expansion of its global initiatives and the enhancement of its volunteer-driven projects. This capital infusion is expected to bolster their efforts in school renovations, medical relief, and community support across various countries. With a history of diverse financing, including debt and private equity, ABLE is well-positioned to leverage this new backing for sustainable growth and increased operational capacity, further solidifying its commitment to improving living and learning conditions worldwide.
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