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Fiveable closes $ 10 million Series A funding led by Union Square Ventures to fuel student-led social learning

Through authentic content and a community specially designed by and for students, Fiveable helps students grow together beyond the classroom. By providing students with access to resources, peer support, and collaborative tools, Fiveable exposes students to new realities and opportunities, empowering them. The team is committed to taking a student-centered approach by hiring and remunerating student interns across all departments, supporting the entire student experience beyond academics, and creating peer groups. discussion of students who guide the company’s roadmap.

Rebecca Kaden, Managing Partner at Union Square Ventures, explains, “USV’s thesis focuses on opportunities to leverage platforms and networks to expand access by increasing value and lowering costs. In education, we believe this is going to happen outside of current systems – new networks that are emerging to deliver value in ways that are much more personalized, accessible and accessible to students. That’s exactly what Fiveable is: a network and community of loyal and passionate students who are bottom-up, dedicated, and quickly becoming essential to how students learn. We are thrilled to be a part of it.

Fiveable’s first community focused on making test preparation accessible to the 3 million students taking Advanced Placement (AP) exams and quickly became the hub for AP students around the world. In 2021, Fiveable increased its loyalty with its strategic acquisition of Hours, a virtual study platform, sized to offer 38 AP subjects, has quadrupled its user base and helped its students maintain a 92% pass rate on the exam.

Now the goal is to reach the country’s 18 million high school students with continued holistic support in areas such as academics, SATs and ACTs, college and career exploration, vocational training. , finances, mental health, activism, and more. To support these new initiatives, Fiveable will grow your team over the coming year with key hires in product, engineering and design. The current Fiveable team is made up of 50% women, 38% non-white and 24% LGBTQ +.

“Building community is one of the most powerful drivers of student engagement,” said Ross darwin, director at Owl Ventures. “Fiveable’s social learning platform helps students who may be thousands of miles apart from each other bond around common interests, which leads to more active and dynamic learning. “

“Providing students with academic support is essential; but it’s also essential to take a holistic approach to their personal growth by introducing topics like financial literacy or sharing practical mental health tips, ”said Tán Ho, co-founder and director of experience at Fiveable. “We are not here to implement traditional learning models. We are here to create community-based support systems that allow young people to see themselves not only as students, but also forces of change and inspiration. ”

Series A brings Fiveable’s total funding to $ 14.2 million. BBG companies led the previous round with the support of Serena Williams’ Serena Ventures, that of Chelsea Clinton Metrodora Ventures, Swell Partners, SoGal, Spero Ventures, Matchstick Ventures, Cream City Venture Capital, Deborah Quazzo, 27V, Darrell Silver, Beta Boom, gener8tor and Golden Angel Investors.

ABOUT FIVEABLE
Cinquable mission is to create educational equity through social learning. The student-centric platform includes a robust content library, engaging community spaces on Hours, and interactive experiences that connect students who are learning the same thing at the same time. Fiveable was co-founded in 2018 by an educator and activist Amanda DoAmaral with community builder Tán Ho and has supported over 7M high school students. For more information on Fiveable, please visit fiveable.me or follow on Twitter, Instagram or TikTok @thinkfiveable.

Media contact:
Liza Vilnits
[email protected]

SOURCE Cinquable

Related links

https://fiveable.me/