Aceable, a Texas, Austin based company that offers digital courses for the people advancing their life goals through, training, certification and licensing has now secured $47 Million in the funding round of Series B. The round was led by the Sageview Capital. In conjunction with the funding, Mike McClure and Dean Nelson of Sageview capital will also be going to join as the Aceable Board of Director. The company as of now has a plans to use the funds to expand its national presence, move into the new industries and grow the team.
The startup which is led by the Blake Garrett. Aceable is a mobile application platform that offers accredited education with the help of dynamic content across all the devices and platforms. From over the past 12 months, the company has served more than 550000 students and scaled to more than 100 employees.
Some of the other backers include the Floodgate Fund, Nextgen Partners, Capital Factory Fund, Silverton Partners, and Next Coast Venture Partners and Wildcat VC.
“This funding will fuel the next inflection point in Aceable's journey,” said Blake Garrett, CEO of Aceable.”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.”
“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,” said Dean Nelson, Partner at Sageview. “Aceable's best-in-class product, exceptional team, and a relentless drive to improve student outcomes position the company well to continue its impressive growth in both existing and new market verticals. We're thrilled to be partnered with the Aceable team and look forward to helping them build a large and impactful education technology business.”
“This past year has been transformative for the team, and Sageview's investment recognizes both the incredible traction we've garnered and the bright future ahead,” added CEO Garrett.
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