Fiveable is an edtech company that wants to help students connect meaningfully online.  They have a content library, online community spaces and various interactive experiences that students can use to learn stuff together online.

The company was founded by former teacher and CEO Amanda DoAmaral and Tán Ho, the Chief Experience Officer in 2018.

The company started out helping students prepare for AP exams and became a central resource for students across the world.  Now in 2021, Fiveable has increased retention on this front with its strategic acquisition of Hours, a virtual studying platform, that offers 38 AP subjects. The Scroll wrote a piece on the company and this acquisition back in May:  Newcomer Fiveable is Making Its First Acquisition of an App Founded by a 16-Year-Old

CEO DoAmaral calls the company “the hallways of the educational internet.”

• “What do students do in the hallways of high school? They hang out with friends, they grab books, they figure out where they need to be next, they catch up — and a lot of what happens in Fiveable is that.”

Growth metrics.  More than 7.3 million students have come to the platform with 3X year over year growth, per the startup. Its Discord community has over 25,000 users despite the fact that it was just launched this year.

Wait, Chelsea Clinton has a VC fund?  The company announced a $10 million Series A led by Union Square Ventures with participation from Owl Ventures and Progression Fund. Before this round, Fiveable had raised more than $4.2 million from investors, including BBG Ventures, Chelsea Clinton’s Metrodora Ventures, Emerson Collective, Beta Boom, gener8tor, Matchstick Ventures, Darrell Silver and Serena Williams.

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