Gable, a San Francisco-based startup that helps companies manage distributed office space for their workforce, has raised $16 million in its Series A round led by SemperVirens and Foundation Capital, with participation from Tishman Speyer Ventures, Ulu Ventures and January Ventures. The startup plans to expand its sales, customer success, and marketing workforce. Gable intends to target larger enterprise customers, spreading its roof further. It also wants to extend its product offering and hire more engineers and product team employees in its Israeli offices to facilitate this.
Co-founded by Liza Mash Levin and Omri Haviv, Gable strives to empower companies and employees to embrace distributed work and maximise what it offers. It provides a one-stop shop for managing employees’ remote working options. Through the platform, employees can search for and book a spot at a locally available workspace in 26 countries, and employers can manage payments. The startup claims that its service supports multiple teams within a company, from HR and people operations to real estate and workplace teams, saving both time and money.
Gable also offers benefits, including vetting all the locations it lists to check Wi-Fi speed and kitchen availability. Its pay-as-you-go model is designed to give control to companies over how much they spend on flexible working places and hopefully reduce costs as well. Its tools can help reduce real estate costs by giving companies an overview of how they spend their money on workspaces. The firm brings flexibility and options to employees, visibility and insight to people teams, and simplicity for everyone.
Speaking about the company, Co-founder & CEO of Gable, Liza Mash Levin, said:
The most challenging task for a product team is to build simple solutions people want to use, so, naturally, that’s what I’m passionate about. There’s no better feeling than showing someone a demo of Gable and them being amazed by its capabilities and simplicity.
Levin further added:
We’re expanding our product offering to provide a hybrid management solution that will become a one-stop-shop for People and Workplace teams to have complete visibility and control over their workforce, whether in flex space or leased spaces. Another exciting thing we’re focusing on [is] deepening the insights and data we can surface based on tracking employee bookings and behaviour. With this, we’ll be able to help people-leaders be more data-driven.
The HRTech platform claims that over 5,000 employees are using its service. It also reports that employees have enjoyed a 4x to 5x increase in productivity, collaboration, and satisfaction since switching to it. Now, Gable want to bring this improvement in engagement to more businesses and more employees. It aims to make itself as ubiquitous as Slack or Microsoft Teams and be part of every company’s essential toolkit for managing its hybrid workforce.
Colin Tobias, Partner of SemperVirens & One of Gable’s lead investors, commented:
The world of work is changing rapidly, and there is a growing need for creative and robust solutions that help companies build connected and engaged teams while supporting flexibility. The Gable team has created a differentiated, people-focused solution, and we’re excited and proud to keep them in powering the workplace of today and tomorrow.
