# Aceable

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aceable

- Industry: Education/Training
- Headquarters: Austin, US
- Website: www.aceable.com
- Total disclosed funding: $56M
- Latest round: Series B (Dec 4, 2018)
- Investors on record: 6

## About

Aceable Inc. is an online education platform that provides state-approved licensing and certification courses, primarily in driving, real estate, and insurance sectors. Its user-friendly courses cater to both individual learners and professionals.Founded in 2012 in Austin, US, Aceable Inc. specializes in online education. The company has not undergone any significant operational pivots or structural changes. It was co-founded by Asfand Rafiq and Blake Garrett. Aceable raised USD 50 mn in a GROWTH funding round on December 17, 2020, led by investor HGGC, bringing its total funding to USD 50 mn, with five deals completed in total.Aceable specializes in providing state-approved online licensing, certification, and continuing education courses within the driving, real estate, and insurance sectors. Its offerings include online driver education, real estate courses, and insurance licensing courses, all designed for individual learners and professionals. The company utilizes instructional design best practices to deliver engaging content in formats that accommodate varying learning paces, serving users across the United States.Aceable generates revenue primarily through direct-to-consumer transactions, where learners pay for individual licensing or certification courses. The pricing structure includes one-time payments for specific courses or subscription options for bundled services. Their offerings encompass online driver education, real estate courses under the AceableAgent brand, and insurance licensing programs, collectively contributing to a diversified revenue stream.Aceable plans to leverage the recent GROWTH funding of USD 50 mn raised on December 17, 2020, to enhance its offerings and expand into new markets. The company aims to introduce additional licensing courses and expand its geographic reach to include more states across the U.S. by the end of 2022. This strategic expansion will support broader access to their educational services.

## Funding rounds

- Series B, Dec 4, 2018, $47M — Sageview Capital, Wildcat Venture Partners
- Series A, Sep 8, 2016, $3.9M — Floodgate, Silverton Partners, Capital Factory, NextGen Angels, Wildcat Venture Partners
- Seed, Sep 17, 2015, $4.8M — Floodgate, Silverton Partners, Capital Factory, NextGen Angels
- Seed, Oct 15, 2013, $0.5M — Floodgate, Silverton Partners, Capital Factory

## Investors

- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed, Series A
- Silverton Partners (https://capitalatlas.ai/funds/silverton-partners) — Seed, Series A
- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Seed, Series A
- NextGen Angels — Seed, Series A
- Wildcat Venture Partners (https://capitalatlas.ai/funds/wildcat-venture-partners) — Series A, Series B
- Sageview Capital (https://capitalatlas.ai/funds/sageview-capital) — Series B