Gable, a start-up that assists distributed companies in managing office space for their workforce, has secured $16 million in funding led by SemperVirens and Foundation Capital, with participation from Tishman Speyer Ventures, Ulu Ventures, and January Ventures.
The company provides a portal where employees can view where their co-workers are working and book a desk alongside them while the company can monitor employee satisfaction and manage budgets.
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According to recent surveys, 98 million United States workers have the option to work remotely, while 77% of respondents desire greater workplace flexibility, and an increasing number of employees are reporting burnout, disconnection, and disengagement.
Liza Mash Levin, co-founder and CEO of Gable, said that the company aims to provide flexibility to employees while allowing them to meet and connect with co-workers. Gable enables employees to search and book from thousands of available workspaces within a predetermined budget.
Companies using Gable have seen a 75% jump in employees’ interest in coming into the office. Gable also offers the ability to reserve and manage events and book a desk at the company’s permanent offices.
Gable was founded by Liza Mash Levin and Omri Haviv, former PM and engineering leaders at Microsoft, and launched in 2020 just as Covid-19 began forcing companies to switch to remote work. The company addresses the pain points faced by HR, people operations, real estate, and workplace teams by sourcing and vetting each location and allowing HR and real estate to control how much they spend on flex spaces with a pay-as-you-go model.
The centralised management suite integrates with HRIS tools and Slack, saving people Operations tens of hours a month. Gable has grown rapidly, with over 50 companies and 5 000 employees using the platform, and employees have reported a four to five times increase in productivity, collaboration, and satisfaction.
Colin Tobias, a partner at SemperVirens, said that the world of work is changing rapidly, and there is a growing need for creative and powerful solutions that help companies build connected and engaged teams while supporting flexibility.
Lauri Moore, a partner at Foundation Capital, said that figuring out if, when, and how people need to come together is a layered cake of operational questions around employee retention, productivity, and real estate costs, and Gable is not only building the platform but also leading the community for the new world of hybrid work.
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