Aceable, an Austin-based edtech startup that offers app based courses in drivers education, raised a $4.7M Seed Round led by Silverton Partners with participation from Floodgate Ventures, NextGen Angels and Capital Factory.
Founded in 2012, Aceable has around 100,000 users and is available in Texas and Florida.
AUSTIN, TX – October 1, 2015 – Today, Aceable, the creators of the first state approved drivers education app, announced a $4.7M Seed Round led by Silverton Partners to expand its national presence in drivers ed, grow the existing team and enter into new markets and verticals where professional certifications are required.
Aceable currently offers courses in drivers education, defensive driving and traffic school in Texas and Florida. The content is modern, engaging and available across all mobile platforms, allowing students to learn when they want and how they want. Aceable’s convenient courses save users both time and money over traditional classroom courses.
“Our goal is to make the required driving education and certification process enjoyable and accessible to everyone,” said Blake Garrett, Aceable CEO. “Just in drivers education alone, we’ve already seen 80 percent of our courses completed on a mobile device. Now with additional funding, we’re excited to be able to offer our mobile drivers ed courses in other states and continue to add new applications.”
Aceable has shown considerable growth over the last 15 months, including scaling up to 20 employees, roughly 100,000 users and taking 20 percent of the market share in Texas. In addition to Silverton Partners, other investors include Floodgate Ventures, NextGen Angels and Capital Factory.
“We recognize the future of education is in mobile learning,” said Morgan Flager of Silverton Partners. “Aceable’s product offering is best-in-class and puts them in a position to bring mobile-first education to new markets and verticals.”
According to the Texas Department of Public Safety, non classroom drivers education (classified as PTDE)* results in a lesser collision rate than commercial driving school.
*Parent Taught Driver Education (PTDE)
Aceable is the first mobile app that allows students the convenience of completing accredited driving courses, on the go. Headquartered in Austin, Texas, Aceable’s mission is to make Drivers Ed enjoyable and accessible to everyone, by replacing boring classroom lectures with fun, educational content that’s affordable and easy-to-use across all mobile platforms. The company is starting with Drivers Ed and plans on using the platform as the foundation for many types of education moving forward. For more information about Aceable, visit www.aceable.com.