About PREP
PREP is a company based in Hanoi (Vietnam) founded in 2020 by Tu Pham and Nam Le. PREP has raised $9 million across 3 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
- SectorsEducation
- Website category Science and Education · Education
- Email••••••••
- Phone•••• ••••
- Website prepedu.com/en
- Social LinkedIn Facebook
- Total Equity Funding$9M (USD)
in 3 rounds
- Latest Funding Round$7M (USD), Series A
Apr 2024
- InvestorsEast Ventures
& 4 more
Apps and channels of PREP
PREP publishes 4 mobile apps with over 200K+ downloads.
Funding Insights of PREP
PREP has successfully raised a total of $9M across 3 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 $9M
- Total Rounds 3
- Last Round Series A — $7M
- First Round $1M
(Aug 2022)
- Investors Count 5
All 3 funding rounds of PREP with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $7M | Series A | – | Cercano Management, Northstar Ventures | |
| Apr 2023 | $1M | Seed | – | East Ventures, Cercano Management | – |
| Aug 2022 | $1M | Seed | – | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability. | – | east.vc | - | |
Early-stage investments are made in UK companies across diverse sectors. | – | northstarventures.co.uk | Newcastle Upon Tyne, United Kingdom | |
Venture capital firm focused on pre-seed to series B stage companies | – | saisoncapital.com | Singapore, Singapore | |
Provides investment advisory services to ultra-high-net-worth individuals and families. | 2021 | cercanolp.com | Bellevue, United States | |
Blockchain investment opportunities are facilitated by the platform. | – | touchstone.vc | Ho Chi Minh City, Vietnam |
Investor details for PREP
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PREP
6 people are tracked at PREP (2 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Tu Pham | Co-Founder | Leadership |
Nam Le | Co-Founder | Leadership |
Phuong Anh le | Executive Assistant - International Expansion | Team |
Hien Mi Nguyen | Senior Brand And Communication Manager | Team |
Nhi Lam | Performance MKT Team Leader & PR Team Leader | Team |
Thach Thai Han | PREP Ambassador | Team |
Complete people profiles for PREP
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PREP
3 dated milestones of PREP across 4 years, from founding to its latest funding, stage changes and deals.
- Founded PREP is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $7.0M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| riiid.com | 2014 | Mountain View, United States | $247.26M | – | AI-based IT solutions for instructors are provided by Riiid. | |
| voxy.com | 2010 | New York, United States | $28.68M | – | English language learning through online courses and tutoring | |
| babbel.com | 2007 | Berlin, Germany | $34.2M | 519 | SaaS-based language learning solutions are offered through interactive courses. | |
| rosettastone.com | 1992 | Arlington, United States | $62M | 1,155 | Speech-recognition technology is utilized for language learning software solutions. | |
| novakidschool.com | 2017 | San Francisco, United States | $41.43M | – | Online tutoring platform providing English lessons to kids | |
| memrise.com | 2010 | London, United Kingdom | $24.98M | 40 | Languages are learned via crowdsourced content on an online platform. | |
| slangapp.com | 2013 | Bogota, Colombia | $14M | – | Provider of online SaaS and app-based English language learning solutions | |
| allright.com | 2017 | New Castle, United States | $7.5M | – | English tutoring solutions are delivered via an online platform. | |
| learnlight.com | 2007 | Madrid, Spain | – | – | Learning management systems and enterprise courses are provided. | |
| lingvist.com | 2013 | Tallinn, Estonia | $16.09M | 13 | Data-driven adaptive language learning is delivered via SaaS and apps. |
Detailed competitors of PREP
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PREP
The website of PREP (prepedu.com) receives about 1.9M visits a month and ranks #34,902 among all websites worldwide, #2,041 in Education.
- Monthly visits1.9M
▲ 29% vs previous month
- Unique visitors464.1K
per month
- Global rank#34,902
among all websites
- Category rank#2,041
Science and Education · Education
- Bounce rate36%
- Pages per visit4.1
- Average visit3 min 50 sec
- DevicesDesktop 64% · Mobile 36%
Websites whose visitors overlap most with PREP. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
zim.vn | zim.vn | 100% | – | #36,233 | – |
ielts-fighter.com | ielts-fighter.com | 91% | – | #126,224 | – |
study4.com | study4.com | 91% | – | #27,006 | – |
thanhmaihsk.edu.vn | thanhmaihsk.edu.vn | 88% | – | #308,293 | – |
langmaster.edu.vn | langmaster.edu.vn | 85% | – | #91,008 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for PREP
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to PREP
10 companies that operate in the same segment as PREP (Corporate & Professional Learning Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 830 | |
Professional certification training courses are provided via an online platform. | 2015 | Mumbai, Maharashtra, India | USD 371.77 M | USD 143.62 M | 7,112 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Professional certification programs are delivered through a mobile platform. | 2010 | San Francisco, California, United States | USD 80.82 M | USD 84.24 M | 1,661 | |
An online platform for multi-course education is operated. | 2012 | Mountain View, California, United States | USD 443.17 M | USD 757.5 M | 1,260 | |
Online courses in creative fields are delivered by celebrity experts. | 2012 | San Francisco, California, United States | USD 461.4 M | – | 623 | |
Executive education programs from global universities are offered to professionals. | 2010 | Singapore, Singapore | USD 961.07 M | – | – | |
Vernacular-based hyperlocal platform for online programming mentoring is developed. | 2014 | Chennai, Tamil Nadu, India | USD 3.9 M | USD 4.13 M | 496 | |
Mobile and cloud-based resources for medical exams are delivered. | 2012 | Berlin, Berlin, Germany | USD 291.94 M | – | – | |
One-to-one online English tutoring is provided by 51Talk. | 2011 | Beijing, China | USD 89 M | USD 95.85 M | 539 |
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Frequently Asked Questions about PREP
PREP was founded in 2020 and raised its 1st funding round 2 years after it was founded.
PREP is headquartered in Hanoi, Vietnam.
PREP is a funded company, having raised a total of $9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Aug 2022.
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.
PREP has 5 investors. Key investors include East Ventures, Cercano Management, Northstar Ventures, Saison Capital, and Touchstone Partners.
Yes. PREP publishes Prep-Smart learning& test prep and 3 more apps, with over 200,000 downloads.
The website of PREP receives about 1.9 million visits a month and ranks #34,902 among all websites worldwide.