# Mable Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mable-technologies-pty

- Industry: Healthcare IT
- Headquarters: Sydney, Australia
- Website: www.mable.com.au
- Total disclosed funding: $14M
- Latest round: Series C (May 22, 2019)
- Investors on record: 2

## About

Mable Technologies Pty Ltd, based in Sydney, Australia, provides an online platform that connects individuals requiring disability and aged care support with verified independent support workers, enhancing user autonomy in care selection.Mable Technologies Pty Ltd specializes in matching people seeking disability and aged care support with independent support workers. Founded in 2014 in Sydney, Australia, the company was established by Basudev Nayak and others. Mable has successfully navigated four deals, with its most recent funding round occurring on September 12, 2021, when it raised USD 100 mn from General Atlantic, totaling USD 100 mn in funding.Mable Technologies Pty Ltd offers a comprehensive online platform designed for individuals seeking disability and aged care support to connect with verified independent support workers. Users can post job listings or search for local support workers based on specific preferences. The platform provides various services, including personal care, household assistance, transportation, and specialized medical support, addressing a wide array of daily living needs. Mable predominantly operates in Australia, serving over 28,000 active users and more than 21,000 independent support workers, facilitating 25 million care hours delivered.In the most recent fiscal year of 2024, Mable reported revenue of USD 39.06 mn, with an EBITDA of USD -496,285.90. The company's revenue model allows clients to negotiate fees directly with workers, thus maximizing their funding from self-managed or plan-managed NDIS funding or Home Care Packages, making the services more accessible than those of traditional care providers.Mable Technologies plans to utilize the USD 100 mn raised in its most recent funding round to enhance its safeguarded online platform and provide a highly tailored customer experience. The company is focused on expanding its reach into new markets, with specific plans still to be detailed. Potential new product offerings and enhancements to their platform will be announced as they align with Mable's growth strategy.

## Funding rounds

- Series C, May 22, 2019, $10M — Ellerston Capital
- Series B, Oct 24, 2016, $2.3M — Ellerston Capital
- Series B, Sep 8, 2015, $1.6M — Macdoch Ventures

## Investors

- Macdoch Ventures (https://capitalatlas.ai/funds/macdoch-ventures) — Series B
- Ellerston Capital (https://capitalatlas.ai/funds/ellerston-capital) — Series B, Series C