Able (formerly EmployStream) is a technology company.
Able (formerly EmployStream) is a technology company.
Able (formerly EmployStream) has raised $12.0M across 3 funding rounds.
Able (formerly EmployStream) has raised $12.0M in total across 3 funding rounds.
Able (formerly EmployStream) has raised $12.0M in total across 3 funding rounds.
Able (formerly EmployStream)'s investors include Rev1 Ventures.
Able (formerly EmployStream) is a cloud-based, mobile-first hiring workflow automation platform designed for staffing companies and high-volume employers.[1][2][3] It integrates with applicant tracking systems (ATS), background checks, e-Verify, and other tools to automate onboarding, reducing time-to-hire by up to 90% at half the cost while ensuring compliance and improving candidate experiences.[1][3][4] Serving clients like Volt, Cross Country Healthcare, and BG Staffing, Able has processed over a million onboards and now operates as "Able by Bullhorn" following an acquisition, with around 1,500-1,600 employees and an enterprise value of $28-42 million.[1][2][3][7]
Able originated from a Cleveland-based staffing agency where the team faced the challenges of onboarding thousands of employees monthly across diverse roles.[3] Founded in 2014 and headquartered in Cleveland, Ohio, the company—initially EmployStream—developed its platform to simplify these complex processes, making onboarding accessible on any device.[1][2][3][4] Key early growth included expanding to over 160 customers, including major staffing firms, and facilitating more than a million onboards in the two years before its 2020 rebrand to Able, which emphasized its mission of ensuring "everyone deserves a great first day."[3] A pivotal moment came with its acquisition (noted as of a certain date with Stone Point Capital as a major investor), leading to integration as Able by Bullhorn.[1][2][7]
Able rides the wave of HR tech automation amid labor market pressures, where staffing firms handle high-volume, compliance-heavy hiring amid talent shortages and remote work shifts.[1][3] Its timing aligns with post-2020 digital acceleration in recruitment, as mobile onboarding addresses candidate drop-off in fragmented processes—exacerbated by gig economy growth and regulatory demands like e-Verify.[3][4] Market forces favoring Able include rising staffing industry scale (e.g., clients like Volt processing massive volumes) and ATS ecosystem consolidation, positioning it to influence standardization in onboarding workflows.[1][3][7] By enabling faster hires at lower costs, Able shapes the ecosystem, empowering recruiters as advisors and improving first-day experiences in a competitive talent market.[7]
Able's Bullhorn integration signals deeper embedding in the staffing tech stack, likely driving expanded features like AI-enhanced workflows and global compliance tools amid ongoing labor volatility.[1][7] Trends like hybrid work, skills-based hiring, and regulatory evolution (e.g., expanded background checks) will propel its growth, potentially scaling beyond staffing to broader enterprise HR. Its influence may evolve from niche automator to ecosystem leader, accelerating hires in a tight market and redefining candidate journeys from the first interaction. This positions Able as a core enabler in high-volume talent pipelines, tying back to its origins in solving real-world onboarding friction.
Able (formerly EmployStream) has raised $12.0M across 3 funding rounds. Most recently, it raised $7.0M Series B in February 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2020 | $7.0M Series B | Rev1 Ventures | |
| Mar 1, 2019 | $4.0M Series A | Rev1 Ventures | |
| Sep 1, 2017 | $1.0M Seed | Rev1 Ventures |