The COVID-19 pandemic has transformed the way people work dramatically. However, remote working and workplace flexibility come with challenges for both employees and employers alike. Also, there is a surge in the number of employees reporting burnout, disconnection, and disengagement.
A woman-led Israeli startup Gable makes work life simpler and better by helping distributed companies manage office space for their workforce. Now, the startup has secured $16 million in funding co-led by SemperVirens that backed Violet and Foundation Capital, with participation from Tishman Speyer Ventures, Ulu Ventures, and January Ventures.
Gable will use the funds to expand its workforce across the sales, customer success, and marketing teams as it targets larger enterprise customers. Also, it wants to extend its product offering and hire more engineers and product team employees in its Israel offices.
“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.”
“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,” said Colin Tobias, partner at SemperVirens. “The Gable team has built a differentiated, people-focused solution and we’re excited and proud to support them in powering the workplace of today and tomorrow.”
“Figuring out if, when and how people need to come together is a layered cake of operational questions around employee retention, productivity, real estate costs,” said Lauri Moore, partner at Foundation Capital. “Gable is not only building the platform — Liza, Omri, and team are leading the community for the new world of hybrid work, and we are proud to partner with them.”
One-stop-shop to manage remote working
Gable was founded Liza Mash Levin, a former Microsoft engineer and Omri Haviv in California in 2020 just as COVID-19 broke out and forced companies to switch to remote work. The solution addresses pain points faced by HR, People Operations, Real Estate, and Workplace teams. 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 reducing real estate costs.
The centralised management suite integrates with HRIS tools and Slack, saving People Operations tens of hours a month. With 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 has rapidly grown to over 50 companies, and currently, 5,000 employees use the platform. In addition, employees have reported a 4-5X increase in productivity, collaboration, and satisfaction.
