Acelero Learning, a Harlem, NY-based provider of early childhood education and family engagement services, received a $4m Program-Related Investment loan from the David and Lucile Packard Foundation.
The foundation joined Acelero Learning’s investor group which includes Ironwood Capital, Boston Community Capital, the W.K. Kellogg Foundation, New Profit, NewSchools Venture Fund, and New Jersey Community Capital. As part of the transaction, the board of Acelero Learning will expand to include two new members: Yvette Sanchez Fuentes, the President of the National Alliance for Hispanic Families and former Director of the Office of Head Start, and Georgia Levenson Keohane, the Director of the Program on Profits and Purpose at the New America Foundation.
The funds will allow the company to complete the re-capitalization process providing liquidity to initial investors, including Boston Community Capital and Ironwood Capital, while positioning the company to continue growth.
Founded in 2001 by Aaron Lieberman and Henry Wilde, Acelero Learning is a provider of early childhood education and family engagement services, all of which are focused on closing the gap for thousands of Head Start children and families across the country. It has over $50m in revenue.