Gable, a startup that helps distributed businesses manage office space for their workers, has raised $16 million in funding.
SemperVirens and Foundation Capital took the lead in the investment round, which also included Tishman Speyer Ventures, Ulu Ventures, and January Ventures.
Former Microsoft PM and engineering leaders Liza Mash Levin and Omri Haviv founded Gable, which went live in 2020 when Covid-19 started requiring businesses to transition to remote work.
By selecting and evaluating each location and letting HR and real estate decide how much they want to spend on flexible workspaces on a pay-as-you-go basis, the company alleviates the pain points experienced by HR, people operations, real estate, and workplace teams.
In order to manage budgets and track employee happiness, the company offers a portal where employees can see where their coworkers are working and reserve a desk next to them.
Gable’s co-founder and CEO, Liza Mash Levin, stated that the company seeks to give employees flexibility while enabling them to get to know and interact with coworkers. Employees can use Gable to browse and reserve among thousands of available workplaces within a set spending limit.
Organizations that use Gable have noticed an increase in employee interest in visiting the workplace of 75%. Additionally, Gable lets users schedule and manage events and reserve a desk at the business’s permanent premises.
With over 50 firms and 5,000 users using the platform, Gable has experienced significant growth. Employees have noted a four- to five-fold boost in productivity, teamwork, and personal satisfaction.
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