Hybrid and remote work has largely become the way of the world over the past few years. As more employees are enjoying the convenience and flexibility of working from home, many have become less engaged and have even experienced burnout from social disconnectivity, according to San Francisco startup Gable. The company aims to remedy this trend and raised new capital to achieve its goal.
Gable’s platform allows employers to book a physical space from 2,000 vetted workspaces within a predetermined budget. Employees then access a portal that lets them select a workspace from these options and invite other colleagues to join them there. Gable secured $16 million for its tech platform from lead investors SemperVirens and Foundation Capital.
“Most employees want flexibility, but they also want the ability to meet with coworkers and connect,” Liza Mash Levin, Gable’s co-founder and CEO, said in a statement. “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.”
The company launched in 2020 as organizations abruptly changed their working models to prioritize employee health. Gable’s solution rethinks how disparate team members can work together as well as how companies can keep tabs on team engagement. Employees can see where their coworkers are working each day and employers can manage budgets and monitor employee satisfaction.
Since its launch, Gable has added more than 50 companies including Wheel and Docker to its customer base. The platform serves 5,000 employees, who have reported a 4x to 5x increase in productivity, collaboration and satisfaction, according to Gable.
Growing in time with its customer base, Gable plans to scale its flex-space booking capabilities and incorporate features that will help companies manage their headquarters and orchestrate events, Levin told Built In via email.
The majority of Gable’s new capital will go toward expanding its team. The company plans to build out its R&D organization in Israel and invest locally in its go-to-market function. Its San Francisco-based hires will span sales, marketing and customer success.
