Fable, a Palo Alto, CA-based platform for social studying to enhance psychological wellness, raised $20m in Sequence A funding.
The spherical was led by Tiger World with participation from Redpoint Ventures, Gaingels, Breyer Capital, defy.vc, and others.
The funding can be used to speed up progress in client and enterprise segments.
Based by tech trade veteran Padmasree Warrior and launched in April, 2021, Fable gives a social platform for e-book golf equipment and tales. The app options e-book suggestions by tastemakers and presents members a platform to create their e-book lists, begin or be a part of e-book golf equipment, and talk about books with different readers whereas sharing highlights, feedback, hyperlinks, and footage.
Fable at the moment hosts lots of of e-book golf equipment together with these hosted by notable BookTok influencers together with @aymansbooks, @moongirlreads, @chamberofsecretbooks, and plenty of others. The app additionally hosts premium golf equipment hosted by LeVar Burton and Sean Astin.
Beforehand, the corporate had raised $7.25m in seed funding led by Redpoint Ventures.