Mable makes big deal

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Posted 8 months ago

Mable will grow its online platform with the investment of General Atlantic. [Source: Mable]
Mable will grow its online platform with the investment of General Atlantic. [Source: Mable]

An organisation which provides a platform to connect care and support workers with people in need of care has signed a $100 million partnership with a global investor.

Mable, which aims to create better connection between people and their carers by allowing them to match their requirements and interests, will grow its online platform with the investment of General Atlantic.

Co-founder and Chief Executive Officer of Mable Peter Scutt says the organisation’s focus on the importance of human relationships and individual needs is what gives the platform such promise.

“Our strong growth since inception demonstrates we are responding to people’s desire for choice and control over their care and support,” he says.

“New thinking is needed to solve the challenges facing the aged care and disability support sectors. 

“Our platform enables enhanced safeguards which support choice and control, while opening up the sector for small business providers who are thriving.”

According to General Atlantic Managing Director Sandeep Naik, Mable is transforming aged care and disability support in a way which will make a difference to communities across Australia.

“Mable’s model is powerful, creating an ecosystem with strong safeguards that can enhance the quality of care, while also leveraging technology to bring down the overall costs of care in the system, allowing Mable consumers to better pursue their goal of independent living,” he says.

“General Atlantic brings deep strategic and operational value to Mable due to their understanding of our business, philanthropic roots and a shared vision of building a more inclusive society through leveraging technology.”

The deal involves General Atlantic acquiring a minority stake in Mable.

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