About Aceable
Aceable is a company based in Austin (United States) founded in 2013 by Blake Garrett.. Aceable has raised $105.79 million across 5 funding rounds from investors including NextGen Venture Partners, HGGC and Sageview Capital. Aceable offers products and services including Driving Education, Real Estate Agent, and Insurance Education. Aceable operates in a competitive market with competitors including eDriving, AA Drive Tech, Driver Start, Al-Bairmi and Driving-Tests, among others.
- Headquarter Austin, United States
- Founders Blake Garrett
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Sectors
Education
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Phone
*********
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Website
*********
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Social
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- Legal Name Aceable, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$105.79 M (USD)
in 5 rounds
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Latest Funding Round
$50 M (USD), Series C
Dec 17, 2020
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Investors
NextGen Venture Partners
& 5 more
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Employee Count
Employee Count
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Products & Services of Aceable
Aceable offers a comprehensive portfolio of products and services, including Driving Education, Real Estate Agent, and Insurance Education. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App-based preparation for driving licenses and permits.
Training for real estate licensing and continuing education.
Courses for insurance licensing and professional development.
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Funding Insights of Aceable
Aceable has successfully raised a total of $105.79M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in December 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $50.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series C - Aceable | Valuation | HGGC |
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| Dec, 2018 | Amount | Series B - Aceable | Valuation | Sageview Capital |
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| Sep, 2016 | Amount | Series A - Aceable | Valuation | Silverton Partners , Floodgate |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aceable
Aceable has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include NextGen Venture Partners, HGGC and Sageview Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on middle market investments.
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Founded Year | Domain | Location | |
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Private equity investments are pursued in Europe and the US.
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Founded Year | Domain | Location | |
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Tech companies are funded through venture capital by Silverton Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aceable
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Aceable
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aceable Comparisons
Competitors of Aceable
Aceable operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eDriving, AA Drive Tech, Driver Start, Al-Bairmi and Driving-Tests, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online driver training and risk management services are offered.
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| domain | founded_year | HQ Location |
Fleet risk management and driver education
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| domain | founded_year | HQ Location |
Online platform for free driver permit test practice in various US states.
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| domain | founded_year | HQ Location |
Operates an online platform offering driving courses.
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| domain | founded_year | HQ Location |
Provides interactive practice tests for driving license preparation.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aceable
Frequently Asked Questions about Aceable
When was Aceable founded?
Aceable was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Aceable located?
Aceable is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Aceable?
Blake Garrett is the current CEO of Aceable. They have also founded this company.
Is Aceable a funded company?
Aceable is a funded company, having raised a total of $105.79M across 5 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Jun 01, 2014.
What does Aceable do?
Aceable was founded in 2013 in Austin, United States, as an online platform focused on driving education. State-approved courses for obtaining licenses and certifications are provided through digital resources and materials. Operations center on delivering interactive drivers ed programs accessible via the internet, serving users across various U.S. states with tailored learning tools. The company is led by founder and CEO Blake Garrett.
Who are the top competitors of Aceable?
Aceable's top competitors include AA Drive Tech, eDriving and Teoritentamen.
What products or services does Aceable offer?
Aceable offers Driving Education, Real Estate Agent, and Insurance Education.
Who are Aceable's investors?
Aceable has 6 investors. Key investors include NextGen Venture Partners, HGGC, Sageview Capital, Silverton Partners, and Floodgate.
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