Aceable Funding, Investors & Competitors

Aceable has raised $106M across 4 funding rounds, most recently a $50M Series C in December 2020.

Last Aceable funding round

$50M

Series C · Dec 2020

Cumulative funding Aceable raised

$106M

across 4 funding rounds

Key investors in Aceable

  • Floodgate
  • Silverton Partners
  • NextGen Venture Partners
  • Wildcat Venture Partners
  • Next Coast Ventures
  • Sageview Capital
  • HGGC
  • Charles Thornburgh

Aceable Overview

About Aceable

Aceable is an Austin-based edtech company offering state-approved online courses for driver education and real estate licensing across the United States. Its mobile-first platform provides interactive defensive driving, teen permit prep, and pre-licensing programs compliant with DMV requirements in multiple states.


Founded

2012

HQ

United StatesAustin, TX

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Aceable Funding History

Aceable has raised a total of $106M across 4 funding rounds.

Aceable's first fundraising round was a $5M seed round in October 2015. The most recent completed round was a $50M Series C in December 2020.

Aceable funding rounds

Aceable funding rounds
DateStageInvestorsRaisedDeal Summary
Dec 2020Series CHGGC (lead)$50MAceable, an Austin-based mobile-first education platform founded in 2012, closed a $50 million growth investment on December 17, 2020, led by private equity firm HGGC, with participation from existing investors including Sageview Capital, Silverton Partners, Floodgate, Next Coast Venture Partners, Wildcat Venture Partners, NextGen Venture Partners, and Capital Factory Fund. The funding brings total capital raised to over $100 million, with HGGC committing to provide additional capital in the future. Aceable specializes in state-accredited digital learning experiences, starting with driver's education and defensive driving courses, expanding to real estate certification, and offering over 2,200 hours of content across 36 states, serving more than 13 million students. The investment supports Aceable's expansion into new certification verticals such as career-changing skills, continued geographic rollout, and both organic and inorganic growth, including potential acquisitions in 2021. HGGC's expertise in mergers and acquisitions is highlighted as a key asset for this strategy. The company has seen increased demand for online education amid the global pandemic, as unemployed individuals seek to upskill or pivot careers. Aceable originated from the Capital Factory accelerator and has grown from a single 32-hour driver's ed course in 2014 to a broader platform. HGGC Partner John Block emphasized confidence in Aceable's mission and track record in mobile-first edtech, positioning the investment to scale the company to the next level.
Dec 2018Series BSageview Capital (lead); Wildcat Venture Partners$47MAceable, an Austin-based online education company founded in 2014, raised $47 million in a Series B funding round on December 4, 2018, led by Sageview Capital with participation from prior investors including Wildcat Venture Partners. The company specializes in mobile-first digital courses for high-stakes education, starting with driver's education qualifying for classroom requirements in states like Texas and California, and expanding into real estate agent certification and other licensing and training programs. In the past 12 months leading up to the round, Aceable served over 550,000 students, exceeded growth targets in real estate, and scaled to more than 100 employees. The funding will support nationwide expansion into new markets and educational verticals, team growth, and development of additional five-star products, building on prior raises including a $9.8 million Series A and seed funding from Silverton Partners, Floodgate, Next Coast Venture Partners, Nextgen Partners, and Capital Factory. As part of the deal, Sageview Capital partners Dean Nelson and Mike McClure joined Aceable's board. CEO Blake Garrett highlighted the validation of their superior teaching methodology and plans to broaden their catalog across platforms and devices. Sageview partner Dean Nelson praised Aceable's best-in-class product, exceptional team, and drive to improve student outcomes, positioning it for continued growth in existing and new verticals within the online and mobile-first required education space.
Sep 2016Series AFloodgate (lead); Silverton Partners (lead); Wildcat Venture Partners; NextGen Venture Partners$4MAceable raised $4 million in its Series A round in September 2016 from investors including Floodgate, NextGen Venture Partners, Silverton Partners, and Wildcat Venture Partners, with Floodgate and Silverton Partners as leads. The funding supported creation of new online courses beyond its initial student driver education focus, expanding into professional certifications for real estate, food services, and other industries. The company had reached profitability by June 2016, though specific revenue figures were not disclosed.
Oct 2015SeedSilverton Partners; Charles Thornburgh; Floodgate; Next Coast Ventures; NextGen Venture Partners$5M-

Who has invested in Aceable?

8 investors have backed Aceable across its funding rounds, including Floodgate, Silverton Partners, NextGen Venture Partners, Wildcat Venture Partners, Next Coast Ventures and Sageview Capital.

Lead investors include HGGC, Sageview Capital, Floodgate and Silverton Partners.


Aceable Investors

Investors in Aceable by funding rounds participated
InvestorHQRoundsRoleFirst check
Wildcat Venture PartnersUnited StatesSan Francisco, CA2ParticipantSep 2016
Silverton PartnersUnited StatesAustin, TX2LeadOct 2015
FloodgateUnited StatesSan Francisco, CA2LeadOct 2015
NextGen Venture PartnersUnited StatesSan Francisco, CA2ParticipantOct 2015
Charles ThornburghUnited StatesAustin, TX1ParticipantOct 2015
Next Coast VenturesUnited StatesAustin, TX1ParticipantOct 2015

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Acquisitions by Aceable

Aceable has acquired 1 company to date.

Last acquisition by Aceable was on August 7th 2024. Aceable acquired Real Estate Institute for undisclosed valuation.


Latest Acquisitions by Aceable

Real Estate Institute
Description
Real Estate Institute is a Denver-based training organization offering online and in-person courses in real estate, mortgages, and insurance for professionals across the United States. The institute delivers certification programs, continuing education credits, and coaching sessions through its instituteonline.com platform. It serves brokers, agents, and business teams with specialized curricula on licensing exams and compliance standards.
HQ CountryUnited States
HQ City
Youngstown, OH
Deal Date7 Aug 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Aceable Competitors

Aceable competitors include listed companies like Duolingo, Graham Holdings, Stride and East Buy, and private ones like Guild and GoStudent.

Public and private companies comparable to Aceable
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DuolingoUnited StatesUnited StatesPublicly listed$1B$152M$6.9B4.9x
Graham HoldingsUnited StatesUnited StatesPublicly listed$4.9B$682M$4.8B1.0x
GuildUnited StatesDenver, COPrivate--$4.4B-
GoStudentAustriaViennaPrivate$107M$16M$3.4B-
StrideUnited StatesUnited StatesPublicly listed$2.5B$580M$3.4B1.2x
East BuyChinaChinaPublicly listed$850M$98M$3.4B2.8x

Aceable Public Comps

Aceable is still privately-owned, but its public comps include Pearson, New Oriental Education, Duolingo, TAL Education, Laureate Education, Graham Holdings, Covista, Grand Canyon Education, Fibra Educa and Stride.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pearson$4.8B$1.4B2.4x2.3x8.1x10.4x
New Oriental Education$4.9B$563M1.0x0.8x8.8x5.6x
Duolingo$1B$152M5.4x4.9x37.3x17.9x
TAL Education$3B$700M1.3x1.2x5.7x6.9x
Laureate Education$1.7B$515M3.2x3.0x10.7x9.6x
Graham Holdings$4.9B$682M1.0x1.0x7.3x-
Covista$2B$462M2.5x2.4x10.4x9.1x
Grand Canyon Education$1.1B$306M3.4x3.3x12.4x10.0x

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Common questions about Aceable

When was Aceable founded?Aceable was founded in 2012.
Where is Aceable headquartered?Aceable is headquartered in Austin, TX, United States.
Is Aceable publicly listed?No, Aceable is a private, VC-backed company.
How much funding has Aceable raised?Aceable has raised $106M across 4 funding rounds.
What was Aceable's last funding round?Aceable's last funding round was a $50M Series C in December 2020, led by HGGC.
Who are Aceable's investors?Aceable's investors include Wildcat Venture Partners, Silverton Partners, Floodgate, NextGen Venture Partners, Charles Thornburgh, Next Coast Ventures, Sageview Capital and HGGC.
Which companies are comparable to Aceable?Companies comparable to Aceable include Duolingo, Graham Holdings, Guild, GoStudent, Stride and East Buy.
How many companies has Aceable acquired?Aceable has acquired 1 company, including Real Estate Institute.

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