Aceable announced this week the raise of a $47 million Series B round led by Sageview Capital that will be used to expand the startup’s offerings in digital education that will enable them to enter new industries and introduce new curriculum. This is the latest investment that continues to strengthen Aceable at a time when the online education company experiences explosive growth within the past 12 months, reaching 100 total employees and more than 550,000 students assisted.
The company works by offering digital courses to people in licensing, training, and certification, providing a dynamic learning experiences on all web and mobile platforms. The platform puts convenience first that saves time and money, and leads to pass rates that routinely surpass similar platforms.
Headquartered in Austin, Texas, Aceable’s curriculum began with driver’s ed, currently holding 70% of the Texas market, and then moving into different verticals like real estate training. The company’s success isn’t limited to its consumers, with its supportive environment and culture securing top 10 spots in both the Austin American-Statesmen Top Workplaces and Austin Business Journal’s Best Places to Work lists.
“Aceable's best-in-class product, exceptional team, and relentless drive to improve student outcomes position the company well to continue its impressive growth in both existing and new market verticals,” said Sageview Partner Dean Nelson. “We're thrilled to be partnered with the Aceable team and look forward to helping them build a large and impactful education technology business.”