Gable, San Francisco, CA-based startup that helps distributed companies manage office space for their workforce, announced $16 million in funding.
The round was co-led by SemperVirens and Foundation Capital, with participation from Tishman Speyer Ventures, Ulu Ventures, and January Ventures.
With this funding, Gable has two goals: First, to expand its workforce in the sales, customer success, and marketing areas. Second, Gable wants to extend its product offering and will be hiring more engineers and product team employees in its Israel offices to facilitate this.
"Most employees want flexibility, but they also want the ability to meet with coworkers and connect," said Liza Mash Levin, co-founder, and CEO of Gable. "Meanwhile, companies find it hard to provide workspaces across locations, stay on top of budgets, and have insight into how the spaces are being utilized. That's where Gable comes in."
On Gable's portal, employees can see where their coworkers are working that day and book a desk alongside them while the company can manage budgets and monitor employee satisfaction.
It enables employees to search and book from thousands of available workspaces within a predetermined budget. The custom portal allows anyone from the team to invite others to join them at any location and for employees to see where each other is working.
Gable was launched in 2020, and its solution addresses the pain points of HR, People Operations, Real Estate, and Workplace teams. The company's just-released features extend the ability to reserve and manage events and book a desk at the company's permanent offices.
Gable sources and vets each location, and lets HR and Real Estate control how much they spend on flex spaces with a pay-as-you-go model and measure the effectiveness of their real estate spending while dramatically reducing real estate costs.
The centralized management suite integrates with HRIS tools and Slack, saving People Operations tens of hours a month.
Company: Gable, Inc.
Raised: $16.0M
Round: Seed, Series A
Funding Month: February 2023
Lead Investors: SemperVirens and Foundation Capital
Additional Investors: Tishman Speyer Ventures, Ulu Ventures, and January Ventures
Company Website: https://www.gable.to/
Software Category: Workplace and Management Solution
About the Company: Founded by Liza Mash Levin and Omri Haviv, Gable provides a workspace-as-a-service platform intended to distribute workspaces for companies and remote workers to manage the hybrid workspace. The company's platform helps to explore workspaces nearby and offers safe and secure space, enabling users to create safe, flexible workplaces where they can connect, collaborate and thrive. Through the Gable portal, employees can search for and book a spot at a locally available workspace in 26 different countries and employers can manage payments. The company has rapidly grown with over 50 companies - such as Wheel and Docker - and 5,000 employees using the platform. With Gable, companies let employees choose from over 2,000 office spaces and work alongside their teammates. The company can provide workspace in cities reaching across the globe, from Buenos Aires to Yokohama; Brisbane to Vancouver.
Source: Ronny Hassid P.R
https://techcrunch.com/2023/02/28/gable-series-a/