Aceable Raises $4 Million to Fuel its Driving Education App

aceableLike a lot of educational programs, driver’s ed hasn’t changed much in the past 30 years.

For the most part, it’s still taught in a classroom with an instructor, worksheets, quizzes, videos and some time spent driving with an instructor.

That’s where the founders of Aceable saw an opportunity to disrupt the driver’s education industry. They created classroom materials and videos and put all the original, up to date, content into a mobile phone app.

That app has resonated with the teenage market and on Friday, Austin-based Aceable announced it has raised an additional $4 million to fuel its growth. Silverton Partners and Floodgate led the Series A funding round. The company previously raised $4.7 million in seed stage funding last year and $1.1 million in 2014.

Aceable currently has more than 300,000 users in Texas, California, Florida, Ohio and Illinois, and maintains a 98 percent pass rate for the course.

With the money, Aceable plans to continue to expand its driver ed app state by state but also plans to branch into new industries that require professional certifications such as real estate, corporate HR, nursing and food safety.

“The rapid adoption of our drivers ed app proves that demand exists for not only engaging but also cutting edge mobile learning experiences,” Blake Garrett, Founder and CEO, Aceable, said in a news release. “Astoundingly, 1 in 3 jobs in the United States require some form of professional certification; however, despite that opportunity, the number one complaint we hear from professionals in the fields we’re exploring is that course content is boring at best – and irrelevant at worst. We know we can fix both of these problems the same way we did with driving.”

Already, Aceable, which launched in 2014, has captured more than 35 percent of the market for online drivers ed courses in Texas and California. It now plans to expand into Georgia, Pennsylvania, Nevada and Indiana.

“The future of professional education is in mobile learning. Aceable’s outstanding app store reviews and user growth prove their product is best-in-class, making them well poised to continue tremendous growth into new fields,” Morgan Flager of Silverton Partners, said in a news release. “It’s rare to see a company reach profitability with such explosive growth.”

Silicon Hills News did this profile on the company last year.

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