About PREP
PREP is a company based in Hanoi (Vietnam) founded in 2020 by Tu Pham and Nam Le.. PREP has raised $8 million across 2 funding rounds from investors including East Ventures, Cercano Management and Northstar Ventures. PREP operates in a competitive market with competitors including Riiid, Voxy, Babbel, Rosetta Stone and NovaKid, among others.
- Headquarter Hanoi, Vietnam
- Founders Tu Pham, Nam Le
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Sectors
Education
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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
$8 M (USD)
in 2 rounds
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Latest Funding Round
$7 M (USD), Series A
Apr 26, 2024
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Investors
East Ventures
& 4 more
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Employee Count
Employee Count
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Leadership Team
1 people
Founder Team
1 people
Senior Team
1 people
Performance Team
1 people
PREP Team
1 people
Unlock access to complete
Funding Insights of PREP
PREP has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in April 2024. 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 2
- Last Round Series A — $7.0M
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First Round
First Round
(05 Apr 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series A - PREP | Valuation | Cercano Management , Northstar Ventures | |
| Apr, 2023 | Amount | Seed - PREP | Valuation | East Ventures , Cercano Management |
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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 PREP
PREP has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include East Ventures, Cercano Management and Northstar Ventures. 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 firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Founded Year | Domain | Location | |
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Early-stage investments are made in UK companies across diverse sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on pre-seed to series B stage companies
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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 PREP
| 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 - PREP
| 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 |
Prep Comparisons
Competitors of PREP
PREP 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 Riiid, Voxy, Babbel, Rosetta Stone and NovaKid, 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 |
AI-based IT solutions for instructors are provided by Riiid.
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| domain | founded_year | HQ Location |
English language learning through online courses and tutoring
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| domain | founded_year | HQ Location |
SaaS-based language learning solutions are offered through interactive courses.
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| domain | founded_year | HQ Location |
Speech-recognition technology is utilized for language learning software solutions.
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| domain | founded_year | HQ Location |
Online tutoring platform providing English lessons to kids
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| domain | founded_year | HQ Location |
Languages are learned via crowdsourced content on an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about PREP
When was PREP founded?
PREP was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is PREP located?
PREP is headquartered in Hanoi, Vietnam.
Is PREP a funded company?
PREP is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Apr 05, 2023.
What does PREP do?
Provider of a test preparation platform. It provides video lectures, sample papers, exercises, and mini tests for preparing for exams such as IELTS, TOEIC, and more. Its mobile app is available for both the ios and android platforms.
Who are PREP's investors?
PREP has 5 investors. Key investors include East Ventures, Cercano Management, Northstar Ventures, Saison Capital, and Touchstone Partners.