The round was led by Union Square Ventures with participation from Owl Ventures and Progression Fund. With the financing, Fiveable will build student-led online spaces such as community-powered content libraries and interactive study rooms to help students take ownership over their futures.

Fiveable is on a mission to create educational equity through social learning. The student-centered platform includes a robust content library, engaging community spaces on Hours, and interactive experiences that connect students who are learning the same thing at the same time. Fiveable was co-founded in 2018 by educator and activist Amanda DoAmaral along with community builder Tán Ho and has supported more than 7M high school students.