BenchPrep explained

BenchPrep
Former Name:Watermelon Express
Location City:Chicago, Illinois
Industry:Education

BenchPrep is an American company that provides cloud-based study guides for standardized tests, professional certifications, and K-12 classroom learning. It has partnered with educational publishers such as McGraw Hill, John Wiley & Sons, and the Princeton Review to create interactive, digitized courses.[1] [2]

History

BenchPrep, formerly known as Watermelon Express, was founded in 2009 by Ashish Rangnekar and Ujjwal Gupta,[3] after Ashish Rangnekar won the New Venture Challenge at the University of Chicago.[4] [5] Shortly thereafter, BenchPrep received $2.2 million in seed funding from Lightbank, the executives behind Groupon.[6] In July 2012, the company announced a $6 million round of funding from New Enterprise Associates and Revolution LLC.[7] [8]

In 2019, the company announced a $20 million round of funding from Jump Capital and Owl Ventures.[9] [10]

Notes and References

  1. Web site: Josh Constine . BenchPrep is Code Academy for any Subject . Techcrunch . 2010-01-05.
  2. Web site: Rip Empson . BenchPrep Teams up with The Princeton Review to Gamify Test Prep . Techcrunch . 2012-05-14.
  3. Web site: Steve Hendershot . BenchPrep Snares 6 Million Investment . Chicago Business . 2012-07-03.
  4. Web site: Brad Spirrison . Local App Developers Rise to the Head of the Class . NBC Chicago . 2011-09-23.
  5. Web site: Traditional NVC Winners . 2010.
  6. Web site: Steve Hendershot . BenchPrep Leaving Textbooks in the Dust . Chicago Business . 2012-11-12.
  7. Web site: The Daily Start-Up NEA Revolution Back BenchPrep for Online Education . Online.wsj.com . 2012-07-03.
  8. Web site: Lora Kolodny . BenchPrep Passes Series B Test, Raises $6M . Dow Jones & Company . 2012-07-03.
  9. Web site: BenchPrep Closes $20 Million Series C Round of Funding Co-Led by Jump Capital and Owl Ventures. BenchPrep. 2019-01-15. GlobeNewswire News Room. 2019-03-26.
  10. Web site: BenchPrep raises $20M Series C to double headcount, boost product development. Built In Chicago. en. 2019-03-26.

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