What is ABLE?
ABLE Missions operates as a charitable organization focused on enhancing global living and learning conditions through volunteer-driven initiatives. The organization undertakes diverse projects, including school renovations, medical relief, and community support in regions such as Haiti, Uganda, and Mexico. ABLE emphasizes local community engagement in its projects and maintains low administrative costs to maximize the impact of donations. Their programs extend to ABLE Youth, fostering youth participation in service and fundraising. The company's funding history, including a significant debt round in 2016 and earlier private equity and Series A rounds, indicates a mature operational phase, likely focused on scaling its impact and reach.
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 TDF Ventures, Expansion VC, LLC, Correlation Ventures, Peterson Partners, Floodgate, Western Technology Investment, and Founders Fund
Series A (2013): $4.9M led by TDF Ventures, Expansion VC, Correlation Ventures, Peterson Partners, Floodgate, Western Technology Investment, and Founders Fund
Debt (2016): $100M supported by Community Investment Management
Key Investors in ABLE
TDF Ventures
TDF Ventures is an early-stage venture capital firm founded in 2004, specializing in startups serving enterprise markets within infrastructure, software, and services.
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, providing financial and operational support.
Community Investment Management
Community Investment Management is a private credit investment manager focused on advancing fintech solutions, providing strategic debt capital to help companies scale their credit products.
What's next for ABLE?
The substantial debt financing in 2016, alongside earlier equity investments, suggests ABLE is in a phase of strategic growth and operational scaling. This capital infusion is likely earmarked for expanding program reach, enhancing infrastructure, and potentially developing new initiatives to address global challenges. The company's focus on volunteer-driven efforts and low administrative costs positions it for sustained impact, with future developments potentially involving broader international partnerships and increased community integration.
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