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Latest Austin venture capital fundings: Aceable, Uhnder, more
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The round was led by private equity firm HGGC.
The company intends to use the funds to expand its organic and inorganic growth initiatives and the number of certifications the brand offers.
Led by Blake Garrett, Founder and CEO, Aceable is a mobile education platform that offers accredited education via dynamic content used across all platforms and devices. To date, the company has launched driver’s education and defensive driving courses, as well as real estate certification courses. To date, Aceable has served more than 13 million students, across 36 states.
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Austin startup Aceable snags $50M from HGGC - Austin Business Journal
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As Blake Garrett was bouncing around ideas for a new business in 2012, he had some sense of what he wanted to build.
It was going to be a mobile education app, inspired in part by his previous stint at Ernst & Young, where he helped start a mentorship program for high-school students in Austin. It would focus on vocational and occupational training, not academic subjects, that would help people advance their careers.
âWe knew we wanted to go with licensing and certification courses that most people have to take regularly,â recalls Garrett. He ended up starting with mobile educationâalmost literallyâin the form of a driverâs education app.
Aceable Receives $50 Million Growth Investment from HGGC
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The EdTech platform will use the capital to expand to new verticals, giving people the opportunity to change careers and gain access to higher-paid positions AUSTIN, Texas (PRWEB) December 17, 2020
Aceable, the mobile-first education platform, today announced that it has closed a $50 million growth investment, led by private equity firm HGGC. The investment will allow HGGC to partner with existing investors to support the Company’s organic and inorganic growth initiatives.
First launched in 2012, Aceable has become known for reimagining state-accredited courses into digital learning experiences consumers love. To date, Aceable has launched driver’s education and defensive driving courses, as well as real estate certification courses. The additional funding will be used to expand the number of certifications the brand offers, with a speci
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