The team at Aceable, courtesy photo.
Sageview Capital led the Series B investment.
Aceable plans to use the funds to expand into new markets nationwide, according to a news release. As part of the funding deal, Dean Nelson and Mike McClure of Sageview Capital will also join the Aceable board of directors.
Aceable, founded in 2014, previously raised $9.8 million in Series A, and seed stage funding from Silverton Partners, Floodgate, Next Coast Venture Partners, Wildcat VC, Nextgen Partners and the Capital Factory Fund.
“This funding will fuel the next inflection point in Aceable’s journey,” Blake Garrett, CEO of Aceable, said in a news release.”This past year we were able to validate that our teaching methodology is head-and-shoulders above the competition. Now it’s time to expand our catalog of five-star products across more markets and educational verticals.”
Aceable served more than 550,000 students in the last 12 months. The company, which started out teaching driver’s ed online to students, has since branched out to other kinds of digital courses including certification for real estate agents. It has exceeded its growth targets in the real estate industry, according to the company. Aceable now has more than 100 employees.
“The future of required education is online and mobile first, and the Aceable team has done a terrific job building a leading business at the forefront of this revolution,” Nelson, Partner at Sageview, said in a news release