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
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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
$9 M (USD)
in 3 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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People of PREP
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Leadership Team
1 people
Founder Team
1 people
Senior Team
1 people
Performance Team
1 people
PREP Team
1 people
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $7.0M
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First Round
First Round
(22 Aug 2022)
- 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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| Aug, 2022 | Amount | Seed - PREP | 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.
| 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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Early-stage investments are made in UK companies across diverse sectors.
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Venture capital firm focused on pre-seed to series B stage companies
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Founded Year | Domain | Location |
Investments & Acquisitions by PREP
Financial Statements - PREP
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.
| 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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Latest news on Prep
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 22, 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.