About BenchPrep
BenchPrep is a company based in Chicago (United States) founded in 2009.. BenchPrep has raised $30.72 million across 5 funding rounds from investors including Jump Capital, Owl Ventures and Revolution. BenchPrep offers products and services including LMS Software, Practice Exams Software, and Certification Training. BenchPrep operates in a competitive market with competitors including D2L, Degreed, Docebo, CoachHub and Skillsoft, among others.
- Headquarter Chicago, United States
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Sectors
EducationTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.72 M (USD)
in 5 rounds
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Latest Funding Round
$2.52 M (USD), Series C
Apr 08, 2025
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Investors
Jump Capital
& 5 more
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Employee Count
Employee Count
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Products & Services of BenchPrep
BenchPrep offers a comprehensive portfolio of products and services, including LMS Software, Practice Exams Software, and Certification Training. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing online courses and educational content.
Tools for interactive exam practice and skill assessment.
Services for delivering certification programs and professional training.
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Funding Insights of BenchPrep
BenchPrep has successfully raised a total of $30.72M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $2.52 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $2.5M
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First Round
First Round
(18 Sep 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series C - BenchPrep | Valuation |
investors |
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| Jan, 2019 | Amount | Series C - BenchPrep | Valuation | Jump Capital , Owl Ventures | |
| Jan, 2019 | Amount | Debt – Venture - BenchPrep | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BenchPrep
BenchPrep has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Jump Capital, Owl Ventures and Revolution. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and funds of fund firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Investments in edtech companies are made by Owl Ventures.
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BenchPrep
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BenchPrep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Benchprep Comparisons
Competitors of BenchPrep
BenchPrep operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as D2L, Degreed, Docebo, CoachHub and Skillsoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Learning management systems are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Cloud-based LMS platform tracks skills across industries.
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| domain | founded_year | HQ Location |
Cloud-based learning management system for corporate employee training is provided.
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| domain | founded_year | HQ Location |
Provider of online coaching and professional development solutions
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| domain | founded_year | HQ Location |
E-learning platforms are provided for professional skills and compliance training.
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| domain | founded_year | HQ Location |
Enterprise learning management systems are provided for training programs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Benchprep
Frequently Asked Questions about BenchPrep
When was BenchPrep founded?
BenchPrep was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is BenchPrep located?
BenchPrep is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is BenchPrep a funded company?
BenchPrep is a funded company, having raised a total of $30.72M across 5 funding rounds to date. The company's 1st funding round was a Series C of $20M, raised on Sep 18, 2011.
What does BenchPrep do?
BenchPrep is an adaptive learning platform where students corporates can study for any subject, from any publisher, on any device. BenchPrep works with publishers including McGraw Hill, John Wiley, and Princeton Review to create interactive and adaptive learning courses for standardized test prep, math, science, language, professional certifications, and more. Offers a comprehensive product toolkit including learning engine, content management, e-commerce BenchPrep was previously branded as Watermelon Express.
Who are the top competitors of BenchPrep?
What products or services does BenchPrep offer?
BenchPrep offers LMS Software, Practice Exams Software, and Certification Training.
Who are BenchPrep's investors?
BenchPrep has 6 investors. Key investors include Jump Capital, Owl Ventures, Revolution, NewView Capital, and NEA.
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