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Latest Austin venture capital fundings: Aceable, Uhnder, more

Latest Austin venture capital fundings: Aceable, Uhnder, more
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Austin startup Aceable snags $50M from HGGC - Austin Business Journal

Austin startup Aceable snags $50M from HGGC - Austin Business Journal
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Aceable Receives $50 Million Growth Investment from HGGC

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 ....

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Austin's edtech startup Aceable adds another $50 million for accelerated expansion – TechCrunch

Now, with another $50 million in the bank and more than $100 million in total capital raised, Aceable is looking to grow the number of certifications it offers with a special focus on professional development.
The company said that it would look to grow both organically and inorganically (which is an inelegant way of saying that it’s likely to go shopping for potential acquisitions).
Re-skilling and up-skilling are set to become buzzwords again as Americans who were laid off because of the inadequate support small businesses received from Congress in the wake of the COVID-19 outbreak begin looking for new work. ....

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