The round was led by Redpoint Ventures, with participation from Collaborative Fund, SIP Global Partners, Harrison Metal, Third Kind Venture Capital, and LightShed Ventures. Annie Kadavy of Redpoint will join the Board. Less than one year after raising its seed round, this round brings Fable's total funding to $22.4M. The company will use this new capital to expand its team and grow its product offering.

Fable is the web-based motion design platform that empowers all creators with access and opportunities to tell stories with motion. At the heart of Fable is powerful motion software that feels familiar to new designers yet still highly performant for pros. Combining a user-friendly interface with the power and collaboration of the web, Fable is the only solution that brings teams together to manage, create, and review projects with one platform, across the entire creative process.