As more people consume pages on pixels, this startup is providing a platform for online book clubs with interactive stories to better physical and mental wellness.
✍️ Letter from the Editor
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⚾ The Elevator Pitch:
Books of the future need to be designed in a creative way that takes advantage of what the web has to offer. This means for everyone from the authors & readers to publishers as well. As everything goes digital, avid readers are losing the connection that they once had through physical book clubs.
Fable, a social reading platform for online book clubs, gives readers a platform to get expert recommendations on what’s trending and lists of what to read next. Fable also promotes mental wellness through online discussions and group readings. It creates that familiar ‘library book club’ atmosphere, but online.
👇 The Drop Down
Site: https://fable.co/
Founded: 2019
Stage: Series A
Tech trend: Reading, Social Networks, Mental Health
Traction: Raised $20 million in series A funding, Community of 5000+ active users, partnered with 15+ bookworms, featured on TheStoryExchange, and Finsmes.
Team: Serial entrepreneurs and passionate book lovers
Padmasree Warrior (CEO) | Nirmal Govind (CTO) | Eric Besner (CBO)
🔍 Why we like it
👩🦰 Founded by technology veteran
Founder Padmasree Warrior spent most of her career working with C-suite executives and gained experience from famous tech firms like Motorola and Cisco. Now, she’s pivoted to one of the oldest industries and wants to use it to fill the micro-moments of our lives. With a mission to deliver the world’s best social reading experience, Fable is designed to have stories for everyone.
👫 They’re backed by the Industry's best Authors
Although Fable is free to use for both desktop and Smartphone users, the Fable Premium club is favored by industry-leading bookworms, including LeVar Burton, Sean Austin, Jim Beaver, Nic & Daniel. As Fable uniquely allows book club members to buy and read books together, these influencers can share highlights and comments to build a fun and safe community.
📈 Their idea is unique & stacked with excellence
We’ve seen a lot of similar ideas come and go in the past. Goodreads, a famous reviewing platform, that is in a similar space, received a lot of criticism because of its poor functionality and design. Fable distinguishes itself by offering interactive UI and advanced algorithms. The platform predicts your choice based on searches and recommends books and stories. Fable also houses some of the best designers in the industry, and with its recent $20 million Series-A funding, they are agile and ready to grow.