What is Able?
Able specializes in simplifying and accelerating the processes that hinder new hires from becoming productive, enabling organizations to hire up to 90% faster at half the cost. The company's onboarding automation platform is designed to enhance the candidate experience, streamline complex hiring workflows, and ensure a positive first day for every employee. This focus on efficiency and candidate satisfaction positions Able as a key player in the enterprise HR technology market, addressing critical pain points in talent acquisition and employee integration.
How much funding has Able raised?
Able has raised a total of $11.5M across 3 funding rounds:
Angel/Seed
$1M
Series A
$3.5M
Series B
$7M
Angel/Seed (2017): $1M with participation from JumpStart Inc. and North Coast Angel Fund
Series A (2019): $3.5M led by JumpStart, North Coast Angel Fund, Ohio Innovation Fund, and Rev1 Ventures' Companies
Series B (2020): $7M supported by JumpStart, North Coast Angel Fund, Plymouth Growth Partners, Rev1 Ventures' Companies, and Ohio Innovation Fund
Key Investors in Able
JumpStart Inc.
JumpStart Inc. is an organization that appears to focus on supporting and investing in early-stage companies, likely within the technology and innovation sectors, as evidenced by their participation in Able's funding rounds.
North Coast Angel Fund
North Coast Angel Fund is an investment group that provides capital to promising startups, with a focus on regional economic development and fostering innovation through strategic financial backing.
Plymouth Growth Partners
Plymouth Growth Partners is a venture capital firm that invests in growth-stage software and technology companies, aiming to accelerate their expansion and market leadership through strategic capital and operational support.
What's next for Able?
With the recent major strategic investment, Able is poised for accelerated growth and further innovation in its onboarding automation solutions. The substantial capital infusion, totaling $11.5M, suggests a strategic push towards scaling operations, expanding market reach, and potentially developing new features to further optimize the hiring lifecycle. This enterprise-level backing indicates strong investor confidence in Able's business model and its capacity to capture a larger share of the HR tech market, likely focusing on enhancing its platform's capabilities and solidifying its competitive advantage.
See full Able company page
