About Veritas Prep
Veritas Prep is a company based in Malibu (United States) founded in 2002 was acquired by Varsity Tutors in January 2019.. The company has 17 employees as of December 31, 2017. Veritas Prep offers products and services including GMAT Prep, GRE Prep, SAT Prep, ACT Prep, and Online Tutoring. Veritas Prep operates in a competitive market with competitors including Varsity Tutors, Descomplica, Princeton Review, Meritnation and Genshuixue, among others.
- Headquarter Malibu, United States
- Employees 17 as on 31 Dec, 2017
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Sectors
Education
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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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Latest Funding Round
- Investors
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Employee Count
17
as on Dec 31, 2017
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Acquired by
Varsity Tutors
(Jan 22, 2019)
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Products & Services of Veritas Prep
Veritas Prep offers a comprehensive portfolio of products and services, including GMAT Prep, GRE Prep, SAT Prep, ACT Prep, and Online Tutoring. 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.
Online courses for GMAT exam preparation
Preparation services for GRE exams
Courses for SAT test readiness
Training for ACT examinations
One-on-one sessions for various subjects
Funding Insights of Veritas Prep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Veritas Prep
Veritas Prep has secured backing from 1 investor. Prominent investors backing the company include Varsity Tutors. 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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Live online tutoring and test prep platform is operated.
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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 Veritas 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 - Veritas 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 |
Veritas Prep Comparisons
Competitors of Veritas Prep
Veritas 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 Varsity Tutors, Descomplica, Princeton Review, Meritnation and Genshuixue, 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 |
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| domain | founded_year | HQ Location |
Live online tutoring and test prep platform is operated.
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| domain | founded_year | HQ Location |
Online platform for ENEM exam preparation is offered to students.
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| domain | founded_year | HQ Location |
Test preparation for standardized exams is provided online.
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| domain | founded_year | HQ Location |
Provider of tutoring and learning resource platform for students
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| domain | founded_year | HQ Location |
Listing platform connecting students with online and offline tutors
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| domain | founded_year | HQ Location |
Online exam preparation resources and courses are provided.
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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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Frequently Asked Questions about Veritas Prep
When was Veritas Prep founded?
Veritas Prep was founded in 2002.
Where is Veritas Prep located?
Veritas Prep is headquartered in Malibu, United States. It is registered at Malibu, California, United States.
How many employees does Veritas Prep have?
As of Dec 31, 2017, the latest employee count at Veritas Prep is 17.
What does Veritas Prep do?
Veritas Prep was founded in 2002 and is based in Malibu, United States. Operations focus on the education sector, where test preparation resources and admissions consulting are delivered to students pursuing graduate school admissions. Online tutoring and courses for GMAT, SAT, and ACT exams are offered, alongside admissions services. Offline GMAT tutoring is provided to corporate employees. The model relies on course-based subscriptions.
Who are the top competitors of Veritas Prep?
Veritas Prep's top competitors include Varsity Tutors, Meritnation and Princeton Review.
What products or services does Veritas Prep offer?
Veritas Prep offers GMAT Prep, GRE Prep, SAT Prep, ACT Prep, and Online Tutoring.
Who are Veritas Prep's investors?
Veritas Prep has 1 investor. Key investors include Varsity Tutors.