Fiveable, a Milwaukee-based social learning platform, raised $10m in Series A funding.
The round was led by Union Square Ventures with participation from Owl Ventures and Progression Fund.
The company intends to use the funds to build student-led online spaces such as community-powered content libraries and interactive study rooms to help students take ownership over their futures.
Led by Amanda DoAmaral, Co-founder and CEO, and Tán Ho, Co-founder and Chief Experience Officer, Fiveable provides a student-centered platform which features a content library, engaging community spaces on Hours, and interactive experiences that connect students who are learning the same thing at the same time. Founded in 2018, the company has supported more than 7M high school students.
The company’s first community, focused on making test prep accessible for the 3 million students taking Advanced Placement (AP) exams, became a central hub for AP students across the globe. In 2021, Fiveable increased retention with its strategic acquisition of Hours, a virtual studying platform, scaled to offer 38 AP subjects.
Now, the goal is to reach the country’s 18 million high school students with ongoing holistic support across areas like high school academics, SATs and ACTs, college and career exploration, vocational training, finances, mental health, activism, and more. To support these new initiatives, Fiveable will grow its team in the coming year with key hires across product, engineering, and design.