Dealflow | October 19, 2020

Chelsea Clinton’s VC fund backs edtech startup Fiveable

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, October 19 – Back in July, Axios reported that Clinton was “kicking around the idea” for a venture fund to invest in two sectors most impacted by the global pandemic: health and education. Her firm, Metrodora Ventures, made its first investment in online learning startup Fiveable, which is working to “democratize” access to advanced placement high school courses and offer online test preparation. 

“Our goal is to create inclusive and social learning experiences where all students are invited to learn with us for free,” the company says. Fiveable says it has served more than 1.5 million students. 

Metrodora invested in the women-led company’s $2.3 million round alongside female founder-focused BGG Ventures, the round’s lead investor, Spero Ventures, Matchstick Ventures, Cream City Venture Capital, 27V, Golden Angel Investors, businesswoman Deborah Quazzo and SoGal.