What is Able?
ABLE is an American retailer specializing in women's clothing and accessories. Originally founded in 2010 as a nonprofit organization by Barrett Ward and Rachel Ward to support women in Addis Ababa, Ethiopia, the company has since transitioned into a for-profit benefit corporation. Headquartered in Nashville, Tennessee, with Barrett Ward serving as CEO, ABLE operates with a mission that blends commerce with social impact. The company's business model focuses on empowering women through its product offerings and its foundational commitment to ethical production and community development.
How much funding has Able raised?
Able has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$816K
Debt (2020): $350K with participation from PPP
Debt (2021): $816K led by PPP
What's next for Able?
The recent major strategic investment indicates a pivotal moment for ABLE, suggesting a focus on scaling operations, expanding market reach, or enhancing its product lines. As a benefit corporation with a strong social mission, future growth is likely to be balanced with its commitment to ethical practices and empowering women. This enterprise-level funding could facilitate deeper penetration into existing markets or support international expansion, further solidifying its position as a socially conscious leader in the fashion industry.
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