BenchPrep is an American company that provides cloud-based study guides for
standardized test
A standardized test is a test that is administered and scored in a consistent, or "standard", manner. Standardized tests are designed in such a way that the questions and interpretations are consistent and are administered and scored in a predete ...
s,
professional certification
Professional certification, trade certification, or professional designation, often called simply ''certification'' or ''qualification'', is a designation earned by a person to assure qualification to perform a job or task. Not all certifications ...
s, and K-12 classroom learning. It has partnered with educational publishers such as McGraw Hill,
John Wiley & Sons
John Wiley & Sons, Inc., commonly known as Wiley (), is an American multinational publishing company founded in 1807 that focuses on academic publishing and instructional materials. The company produces books, journals, and encyclopedias, i ...
, and
the Princeton Review
The Princeton Review is an education services company providing tutoring, test preparation and admission resources for students. It was founded in 1981. and since that time has worked with over 400 million students. Services are delivered by 4 ...
to create interactive, digitized courses.
History
BenchPrep, formerly known as Watermelon Express, was founded in 2009 by Ashish Rangnekar and Ujjwal Gupta, after Ashish Rangnekar won the New Venture Challenge at the
University of Chicago
The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private university, private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park, Chicago, Hyde Park neighborhood. The University of Chic ...
. Shortly thereafter, BenchPrep received $2.2 million in seed funding from
Lightbank
Lightbank is a financial organization that specializes in making venture capital investments in "disruptive" technology companies in the United States including seed investments, Series A round and late-stage investments. It combines investmen ...
, the executives behind
Groupon
Groupon is an American global e-commerce marketplace connecting subscribers with local merchants by offering activities, travel, goods and services in 13 countries. Based in Chicago, Groupon was launched there in November 2008, launching soon af ...
. In July 2012, the company announced a $6 million round of funding from
New Enterprise Associates
New Enterprise Associates (NEA) is an American-based venture capital firm. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. With ~$25 billion in committed capital, NEA is one of the w ...
and
Revolution LLC.
In 2019, the company announced a $20 million round of funding from Jump Capital and Owl Ventures.
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References
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Test preparation companies
Standardized tests in the United States
Educational software companies
Software companies based in Illinois
Virtual learning environments
Software companies of the United States
American companies established in 2009
2009 establishments in Illinois
Software companies established in 2009
Education companies established in 2009