Beta Boom EdTech Startup, Fiveable Raises $2.3M Seed Round

Fiveable, a Milwaukee-based Edtech platform, has raised $2.3M led by BBG Ventures with participation from new investors including Metrodora Ventures (Chelsea Clinton’s fund), Matchstick Ventures, Spero Ventures, and Edtech angel Deborah Quazzo.

Fiveable offers students a massive library of materials to help study for the AP tests, including livestreams, Q&As, cram sessions, and study guides – all created and led by expert teachers. It also features a deeply integrated focus on the student community, where kids can chat based on shared courses or other interests and work together. They have over 100,000 students a week and 92% of these Fiveable students passed their AP exams (almost double the national average) and saved thousands of dollars in college credits!

Major issues and challenges caused by the COVID-19 health crisis didn’t stop the CEO of Fiveable – Amanda DoAmaral on her mission to democratize learning. In fact, the COVID-19 outbreak was “a lightning strike for Edtech,” according to Amanda.

Image courtesy of Forbes
Image courtesy of Forbes

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