Gable Raises $16m to Expand Virtual Workplace Management in Africa
San Francisco-based Gable, which assists distributed businesses in managing office space for their workers, today announced a $16 million investment round. Employees can reserve a desk next to a coworker through Gable’s portal, and the business can manage budgets and track employee satisfaction. The funding is co-led by SemperVirens and Foundation Capital, with participation from Tishman Speyer Ventures, Ulu Ventures, and January Ventures.
Former Microsoft PMs and engineering executives Liza Mash Levin and Omri Haviv founded the business. In 2020, Gable was introduced just as COVID-19 started requiring businesses to move toward remote work and drastically alter how and where teams interacted.
Employees can use Gable to browse and reserve among thousands of available workplaces within a defined financial budget. Anyone on the team can use the personalized portal to ask others to join them anywhere and to view each other’s workspaces. Employers who use Gable have observed a 75% increase in employee interest in going into the office. These capabilities make it easier to schedule and organize events and reserve a desk in the business’s permanent premises.
The integration of Slack and HRIS tools into the unified management suite helps Human Operations save tens of hours each month. With more than 50 enterprises, including Wheel and Docker, and 5,000 users, Gable has experienced remarkable growth. Productivity, teamwork, and employee happiness have all increased by 4-5X, according to employees.
According to Liza Mash Levin, co-founder and CEO of Gable, “most employees want freedom, but they also want the ability to meet with coworkers and interact.”
“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,” said Mash.
Online Workplace Management Growth in Africa
People’s working habits have drastically changed during the last three years. A recent Deloitte survey revealed that the need for more workplace flexibility was the primary motivator for 77% of respondents to change professions. The market for digital workplace management was estimated to be worth $17 billion in 2020 and was projected to rise at a CAGR of 19.2% during the forecast period to be worth $37 billion by 2021.
The use of digital workplace solutions and services to support businesses will only increase as Africa’s business scene develops and has a sizable number of companies with substantial technological skills.
Businesses are increasingly adopting digital workplace alternatives and services as the benefits of deploying cloud technology become clear, as well as the necessity to deliver enhanced quality and safety of software, satisfy compliance requirements, and eliminate dangers.
Employees can use Gable to browse and reserve among thousands of available workplaces within a set spending limit. Anyone on the team can use the personalized portal to ask others to join them anywhere and to view each other’s workspaces.These capabilities make it easier to schedule and organize events and reserve a desk in the business’s permanent premises.
According to Colin Tobias, partner at SemperVirens, the world of work is changing quickly, and there is a rising need for creative, strong solutions that enable firms to develop connected and engaged teams while allowing flexibility. Tobias expressed delight in helping the Gable team power the workplace, noting that they have created a unique, people-focused solution.