Fable is a social platform for book clubs and stories that aims to improve mental wellness through shared reading experiences. Launched in April 2021 and founded by Padmasree Warrior, the app offers book recommendations by tastemakers and lets users create lists, start or join book clubs, and share highlights, comments, links, and pictures. The app currently hosts hundreds of book clubs, including ones run by notable BookTok influencers, and offers premium clubs hosted by LeVar Burton and Sean Astin. The company is based in Palo Alto, CA. Fable raised $20m in a Series A led by Tiger Global and had previously raised $7.25m in seed funding led by Redpoint Ventures. The Series A proceeds will be used to accelerate growth in both consumer and enterprise segments. FABLE is a social reading app that lets members read together and share highlights, comments, links and pictures to discuss books in private communities. The platform offers free digital book clubs, curated Folios, and a premium subscription; it expanded to a monthly membership offering with its first premium FABLE BOOK CLUB and a free FABLE FOLIO curated by LeVar Burton. Folios spotlight recommendations handpicked by tastemakers and experts, including LeVar Burton, Paulo Coelho, David Sedaris, Jasmine Guillory and others. The app emphasizes mental wellness and says it has no advertising and does not unlawfully sell user data. Ebooks from major and indie publishers are available for purchase in its webstore, and FABLE states it has millions of books for readers to choose from. FABLE has raised $7.25 million in funding from several venture investors.

Total raised

$27M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2021