What is Mable?
Mable operates as a comprehensive wholesale marketplace designed to streamline the buying and selling process for businesses across the retail, brand, and distribution sectors. By providing a centralized platform, Mable aims to enhance efficiency, expand market reach, and foster stronger commercial relationships within the wholesale industry. The company's focus on digitizing traditional wholesale transactions positions it as a key player in the evolving landscape of B2B e-commerce.
How much funding has Mable raised?
Mable has raised a total of $11.6M across 2 funding rounds:
Angel/Seed
$3.1M
Series A
$8.5M
Angel/Seed (2019): $3.1M with participation from James McCann, Venrock, Founder Collective, Accomplice, and Laurent Amouyal
Series A (2020): $8.5M led by Underscore VC, Founder Collective, Venrock companies, and Accomplice
Key Investors in Mable
Underscore VC
Underscore VC is a Boston-based venture capital firm that supports bold early-stage B2B software founders at the Pre-Seed and Seed stages. The firm employs a collaborative, open-source investing model that aligns its interests with those of the startups it backs, fostering a strong community of business builders and experts. Underscore VC invests globally in various sectors, including enterprise software, insurtech, vertical SaaS, AI, commerce, and security.
Founder Collective
Founder Collective is a venture capital fund focused on seed and pre-seed investments, partnering with exceptional entrepreneurs from the idea stage to IPO. The firm emphasizes founder alignment and supports innovative startups across various sectors, demonstrating a commitment to long-term relationships with founders.
Accomplice
Accomplice and Jump Capital is a venture capital firm that invests in technology startup companies based in Massachusetts, United States.
What's next for Mable?
With the infusion of $8.5M in a major strategic investment, Mable is poised for accelerated expansion and product development. This capital injection, following its Series A financing, suggests a move towards scaling operations, enhancing its platform capabilities, and potentially broadening its market penetration. The company's ability to attract significant backing from prominent venture capital firms indicates strong market validation and a promising outlook for its continued growth and innovation in the wholesale technology sector.
See full Mable company page
