Austin-based austinbased aceable 50m Aceable, a mobile education platform, announced Wednesday that it has raised $50 million in Series B funding. The company said the new round of funding will help it continue to grow its business and product.
1. Austin-based Aceable raises $50M to help more people get their driver’s license
Aceable, an online driver’s education and licensing provider, has raised $50 million in a Series C funding round.
The Austin-based startup will use the new funding to expand its offerings and continue its mission of making the process of getting a driver’s license more accessible and affordable.
Founded in 2012, Aceable offers online courses that are approved by the Texas Department of Licensing and Regulation. The company says its courses are designed to be more engaging than traditional classroom-based instruction, and that its prices are up to 60 percent cheaper than in-person driver’s ed.
To date, Aceable says it has helped more than 500,000 people get their driver’s license, and it is now available in 37 states.
The new funding round was led by Owl Rock Capital Partners, with participation from returning investors such as The Social+Capital Partnership, Floodgate, and High Alpha.
“We are thrilled to have the support of Owl Rock and our other investors as we continue to grow Aceable and make getting a driver’s license more convenient and affordable for everyone,” said Aceable founder and CEO, Blake Garrett.
“This new round of funding will allow us to further our mission of improving access to driver’s education and licensing services, and we’re looking forward to expanding our offerings to even more states in the coming months.”
2. Aceable offers an online driver’s education course that is approved by the Texas Department of Motor Vehicles
If you’re a Texas resident looking to get your drivers license, Aceable offers an online drivers education course that is approved by the Texas Department of Motor Vehicles. The course is self-paced and can be taken on your own time, making it a convenient option for those with a busy schedule.
The course covers all of the topics required by the state of Texas, including defensive driving, road rules, and traffic laws. Upon completion of the course, you will be able to take the written exam and driving test at your local DMV.
Aceable’s drivers ed course is a great option for those who want the convenience of taking the course online on their own time. The course is comprehensive and covers all of the topics required by the state of Texas. Upon completion, you will be able to take the written exam and driving test at your local DMV.
3. The company plans to use the new funding to expand its course offerings and reach more people in need of driver’s education
Aceable, an Austin, Texas-based startup that offers online drivers education courses, has raised $50 million in Series C funding.
The round was led by New Enterprise Associates, with participation from return backers Silverton Partners, Floodgate, and Capital Factory. This brings the company’s total raised to $86 million since its inception in 2013.
Aceable plans to use the new funding to expand its course offerings and reach more people in need of drivers education. The company says it will use the funds to grow its team, build new features, and fuel marketing initiatives.
Aceable founder and CEO Blake Garrett says the company will focus on expanding its footprint in the U.S. and eventually enter new markets.
“While we’ve been focused on building the best product and becoming the market leader in Texas, we’ve always had our sights set beyond our home state,” Garrett said in a statement. “This new round of funding will help us speed up our plans to expand nationwide and enter new verticals.”
Aceable offers online drivers education courses for both teens and adults. The company’s courses are approved by the state of Texas and are available for purchase through the Aceable app.
The company says its courses are designed to be more engaging than traditional drivers education courses, and that its courses are more affordable than traditional classroom-based courses.
Aceable says its courses are completed by more than 250,000 students each year. The company says it has a 97% pass rate for its students.
Aceable is just one of many startups that are shaking up the drivers education industry. Other startups, such as DriversEd.com, offer online courses that are approved by the state of California.
It’s no surprise that startups are looking to disrupt the drivers education industry. The industry is ripe for disruption, as it is largely unchanged since the days of driver’s ed classes in high school.
There are a few reasons why the drivers austinbased aceable 50m education industry is ripe for disruption. First, the industry is highly regulated, which makes it difficult for new
4. Aceable was founded in 2013 by a group of former teachers and education entrepreneurs
Aceable is a mobile education platform that offers accredited online courses for learners in grades 6-12 and beyond. The company was founded in 2013 by a group of former teachers and education entrepreneurs and is headquartered in Austin, TX.
Aceable’s mission is to make education more accessible, affordable, and effective by harnessing the power of technology. The company’s flagship austinbased aceable 50m product is an online driver’s education course that is approved by the Texas Department of Licensing and Regulation. The course is available to learners in all 50 states and has been taken by over 350,000 students.
Aceable has raised over $50M in venture funding from notable investors including The Gates Foundation, The Chan Zuckerberg Initiative, and Sequoia Capital. In 2019, the austinbased aceable 50m company was named one of Fast Company’s Most Innovative Companies in Education.
5. For more information about Aceable, please visit their website or contact their customer service
If you’re looking for more information about Aceable, you can visit their website or contact their customer service. Aceable is a Texas-based company that offers online driver’s austinbased aceable 50m education and training. They have a team of experienced driving instructors who can help you learn the skills you need to become a safe and responsible driver.