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Fiveable has raised $140.0M across 5 funding rounds.
Key people at Fiveable.
Fiveable has raised $140.0M in total across 5 funding rounds.
Based in Milwaukee, Wisconsin, Fiveable operates an online social learning platform that provides high school students with educational resources, livestreams, and community spaces for Advanced Placement exam preparation. The company utilizes a freemium business model, offering a content library of nearly 5,000 study materials alongside paid products such as $5 cram passes and $55 comprehensive courses. Operating with a lean team of 10 employees, the edtech startup generates approximately $5 million in annual revenue and has supported over 7 million students while maintaining a 92% AP test pass rate. Fiveable is backed by venture capital firms including Matchstick Ventures and BBG Ventures, and it previously expanded its technological capabilities by acquiring Hours, a virtual study platform developed by Calix Huang. The organization was founded in 2018 by Amanda DoAmaral and Tn Ho.
Fiveable is an edtech portfolio company founded in 2018 that builds a free, student-first social learning platform focused on AP exam prep and beyond, offering livestreamed lessons, interactive study guides, review games, and peer communities to democratize access to high-quality education.[1][2][3] It serves high school students and teachers, solving the problem of unequal access to supplementary resources by providing engaging, cost-free content that has driven AP pass rates of 92-98%, far exceeding national averages, with nearly 40,000 students supported early on and ambitions to reach 200,000 livestream viewers.[1][4][6] Growth momentum includes seed funding of $615K from Cream City Ventures, a Series A from Union Square Ventures, acquisition of Hours (a virtual studying platform), and expansions into SAT/ACT prep, financial literacy, career exploration, and mental health resources.[1][3]
Fiveable was founded in 2018 by Amanda DoAmaral, an educator, activist, and former Teach for America history teacher at Skyline High School in Oakland, California, who identified gaps in AP prep resources after her students outperformed national averages by 2 points.[1][2][4] After leaving the classroom, DoAmaral began livestreaming free sessions for former students, rapidly growing to 2,500 viewers, which evolved into a scalable platform when she realized the broader need.[2][4] Co-founder Tán Ho (CXO), met via Reddit, joined to build the community aspect; the name "Fiveable" nods to a perfect AP score of 5.[1][3] Early traction came from AP-focused study guides and live reviews, leading to seed funding and pivots toward student-led content and whole-student support.[1][3][4]
Fiveable rides the trend of self-service digital learning and student-led communities, broadening access to "top school district" resources amid rising demand for equitable EdTech post-pandemic.[3] Timing aligns with hybrid education shifts, standardized test persistence (AP/SAT), and whole-student needs like mental health and career prep, fueled by market forces favoring free, engaging platforms over costly alternatives.[1][2][3] It influences the ecosystem by minimizing negative online interactions while amplifying positive ones—light architecture with resilience-building pathways—positioning as scaffolding for high school transitions in a creator-economy era where students drive content.[3][5]
Fiveable is poised to dominate social learning by expanding beyond AP into college prep, financial literacy, and internships, leveraging its 7-year pass rate streak and student army for viral growth toward millions of users.[3][4][6] Trends like AI-personalized study (e.g., themed prompts) and mental health integration will shape it, evolving influence from exam prep to lifelong resilience networks amid EdTech's equity push. This builds on DoAmaral's vision, turning teacher passion into a scalable force for accessible "aha" education.
Fiveable has raised $140.0M in total across 5 funding rounds.
Fiveable's investors include Union Square Ventures, 1776, Adjacent, Correlation Ventures, Jenny Fielding, Scott Hartley, Flybridge Capital Partners, Forerunner Ventures, Gaingels, Independent, Javelin Venture Partners, Laconia Capital Group.
Fiveable has raised $140.0M across 5 funding rounds. Most recently, it raised $10.0M Series A in September 2021.
Key people at Fiveable.
