What is Able?
Able specializes in simplifying and accelerating the processes that prevent new hires from getting to work, 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 new employee. This focus on operational efficiency in human resources positions Able as a key player in the HR tech sector, addressing critical pain points for businesses seeking to optimize their recruitment and onboarding procedures.
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 Ohio Innovation Fund, Rev1 Ventures' Companies, JumpStart, and North Coast Angel Fund
Series B (2020): $7M supported by Ohio Innovation Fund, Rev1 Ventures' Companies, Plymouth Growth Partners, North Coast Angel Fund, and JumpStart
Key Investors in Able
Plymouth Growth Partners
Plymouth Growth Partners is a venture capital firm that typically invests in growth-stage software and technology companies, likely focusing on businesses with strong recurring revenue models and scalable operations.
JumpStart
JumpStart is an organization focused on economic development and venture capital, often supporting early-stage and growth-stage companies in Northeast Ohio, with a mission to foster innovation and job creation.
North Coast Angel Fund
North Coast Angel Fund is an angel investment group that provides seed and early-stage capital to technology-focused companies, often with a regional focus on Northeast Ohio.
What's next for Able?
With a major enterprise-level funding context and a recent strategic investment, Able is poised for significant expansion. The company is likely to leverage this capital to further develop its onboarding automation technology, enhance its market reach, and potentially explore strategic partnerships. The emphasis on accelerating hiring processes suggests a strategic focus on scaling operations and capturing a larger share of the HR technology market. Future developments may include advanced AI integrations for personalized onboarding experiences and broader enterprise solutions.
See full Able company page
