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Fable

Book club & social reading app

Fable logo
21-100 employees
  • B2C
  • Entertainment
  • Social
  • Community
Old Palo Alto, Palo Alto, CA

Company mission

To deliver the world’s best social experience with exceptional stories in service of mental wellness.

Led by a woman
Top investors

10% employee growth in 12 months

Our take

As people trend more towards digital hang-outs and social media to connect, the traditional book club has fallen from favour. Fable provides an online alternative with millions of ebooks that come paired with digital links, pictures, and user interfaces, each of which can be engaged with through comment sections and other discussion tools.

Fable launched during social-distancing restrictions, when book clubs could no longer meet, as an alternative to platforms like Zoom which do not facilitate the same sort of engagement as in-person clubs. However, its discussion tools, alongside the fact that people can easily find clubs that focus on their favourite genres and authors, have made it a favourable option to regular book clubs for many readers even as things have returned to normal.

Fable hosts hundreds of book clubs, including influencer-led groups and premium clubs hosted by the likes of LeVar Burton, Sean Astin, and Paris Hilton. It has raised impressive funding and launched "Fable for Work" - featuring career-focussed book recommendations from executive titans - with investment cited to accelerate growth in both consumer and enterprise segments.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Flexible vacation days
  • Comprehensive health and dental plans
  • Stock options
  • Open and transparent culture
  • Parental leave (we believe in life integration not just work-life balance)
  • Work from anywhere, any time

Funding (last 2 of 3 rounds)

Dec 2021

$20m

SERIES A

Apr 2021

$7.3m

SEED

Total funding: $36.1m

This company has top investors

Leadership

Padmasree Warrior

(President & CEO)

Having studied at Cornell, they spent 5 years at Motorola before 7 years at Cisco in Strategy. They left their role as CEO of NIO in 2018 to found Fable in September 2019, alongside working as a Board Member at Spotify, Microsoft, and Box.