Gable Secures $16 Million Investment

SAN FRANCISCO &&num;8212&semi; Gable, a startup that helps distributed companies manage office space for their workforce, has landed &dollar;16 million in funding&period; On Gable&&num;8217&semi;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&period; The funding is co-led by SemperVirens and Foundation Capital, with participation from Tishman Speyer Ventures, Ulu Ventures and January Ventures&period;&NewLine;In the past three years, the way people work has changed dramatically&period; According to a recent <a href="https&colon;//www&period;mckinsey&period;com/industries/real-estate/our-insights/americans-are-embracing-flexible-work-and-they-want-more-of-it" target="&lowbar;blank" rel="nofollow noopener">McKinsey survey</a>, 98 million U&period;S&period; workers now have the option to perform their jobs remotely&period; And a recent survey by Deloitte found that for 77&percnt; of respondents, a desire for greater workplace flexibility was a top driver for switching jobs&period; At the same time, an increasing number of employees are reporting burnout, disconnection, and disengagement&period;&NewLine;&&num;8220&semi;Most employees want flexibility, but they also want the ability to meet with coworkers and connect,&&num;8221&semi; said Liza Mash Levin, co-founder, and CEO of Gable&period; &&num;8220&semi;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&period; That&&num;8217&semi;s where Gable comes in&period;&&num;8221&semi;&NewLine;Gable enables employees to search and book from thousands of available workspaces within a predetermined budget&period; The custom portal allows anyone from the team to invite others to join them at any location and for employees to see where each other is working&period; Companies using Gable have seen employees&&num;8217&semi; interest in coming into the office jump by 75&percnt;&period; Just-released features extend the ability to reserve and manage events and book a desk at the company&&num;8217&semi;s permanent offices&period;&NewLine;The company was founded by Liza Mash Levin and Omri Haviv, former PM and engineering leaders at Microsoft&period; Gable was launched in 2020 just as COVID-19 began forcing companies to switch to remote work and fundamentally change how and where teams worked together&period;&NewLine;The solution neatly addresses pain points faced by HR, People Operations, Real Estate and Workplace teams&period; 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 dramatically reducing real estate costs&period; The centralized management suite integrates with HRIS tools and Slack, saving People Operations tens of hours a month&period; Gable has rapidly grown with over 50 companies &&num;8211&semi; such as Wheel and Docker &&num;8211&semi; and 5,000 employees using the platform&period; Employees have reported a 4-5X increase in productivity, collaboration and satisfaction&period;&NewLine;&&num;8220&semi;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,&&num;8221&semi; said Colin Tobias, partner at SemperVirens&period; &&num;8220&semi;The Gable team has built a differentiated, people-focused solution and we&&num;8217&semi;re excited and proud to support them in powering the workplace of today and tomorrow&period;&&num;8221&semi;&NewLine;

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