BenchPrep

BenchPrep is a provider of cloud-based learning products that students can utilize when preparing for standardized tests - GRE, GMAT, MCAT, ACT and SAT, professional certifications, and K-12 classroom learning. It partners with educational publishers such as McGraw Hill, John Wiley & Sons, and the Princeton Review to create interactive, digitized courses.[5][6] BenchPrep’s goal is to make studying accessible and personalized.[7] The company has developed web and mobile apps that can be used on computers, tablets, and smartphones [8]

BenchPrep
Formerly
Watermelon Express
IndustryEducation
Founded2009 (2009)
Founder
Headquarters
Chicago, Illinois
Websitebenchprep.com

History

BenchPrep, formerly known as Watermelon Express, was founded in 2009 by Ashish Rangnekar and Ujjwal Gupta.[9] The company materialized when cofounder Ashish Rangnekar won the New Venture Challenge at the University of Chicago.[10][11] Shortly thereafter, BenchPrep received $2.2 million in seed funding from Lightbank, the executives behind Groupon.[12] In July 2012, the company announced a $6 million round of funding from New Enterprise Associates and Revolution LLC.[13][14]

In 2019, the company announced a $20 million round of funding from Jump Capital and Owl Ventures.[15][16]

In 2020, AccessLex teamed up with Benchprep for a bar exam preparation program called Helix Bar Review by AccessLex. This partnership allowed other AccessLex study materials for Multistate Essay Exam, Multistate Bar Exam, Multistate Professional Responsibility Exam, Multistate Performance Test, Uniform Bar Exam, as well as four state-specific bar courses to be able to reach more people.[17]

Recognition
  • "Top 5 Digital Education Tool" by Venture Beat [18]
  • "Most innovative and Best In Class Test Prep and Assessment Platform" at the 2010 Education Innovation Summit [7]
  • "Top 10 Innovative Startup in Education" at the 2010 Venture Capital in Education [19]
  • "2019 Learning LMS Choice Award" by Training Magazine Network [20]

References
  1. "How BenchPrep went from side hustle to fast-growing e-learning company". Built In Chicago. Retrieved 2020-06-26.
  2. "How Angry Birds & Farmville can help students score better". The Economic Times. 2012-05-28. Retrieved 2020-06-26.
  3. "How BenchPrep went from side hustle to fast-growing e-learning company". Built In Chicago. Retrieved 2020-06-26.
  4. "How Angry Birds & Farmville can help students score better". The Economic Times. 2012-05-28. Retrieved 2020-06-26.
  5. Josh Constine (2010-01-05). "BenchPrep is Code Academy for any Subject". Techcrunch.
  6. Rip Empson (2012-05-14). "BenchPrep Teams up with The Princeton Review to Gamify Test Prep". Techcrunch.
  7. "Venture Capital News: BenchPrep Raises $6M". VC Daily News. 2012-07-04.
  8. Marc Saltzman (2011-11-28). "BenchPrep, Study for Tests with App". USA Today.
  9. Steve Hendershot (2012-07-03). "BenchPrep Snares 6 Million Investment". Chicago Business.
  10. Brad Spirrison (2011-09-23). "Local App Developers Rise to the Head of the Class". NBC Chicago.
  11. "Traditional NVC Winners". 2010.
  12. Steve Hendershot (2012-11-12). "BenchPrep Leaving Textbooks in the Dust". Chicago Business.
  13. "The Daily Start-Up NEA Revolution Back BenchPrep for Online Education". Online.wsj.com. 2012-07-03.
  14. Lora Kolodny (2012-07-03). "BenchPrep Passes Series B Test, Raises $6M". Dow Jones & Company.
  15. BenchPrep (2019-01-15). "BenchPrep Closes $20 Million Series C Round of Funding Co-Led by Jump Capital and Owl Ventures". GlobeNewswire News Room. Retrieved 2019-03-26.
  16. "BenchPrep raises $20M Series C to double headcount, boost product development". Built In Chicago. Retrieved 2019-03-26.
  17. "AccessLex Partners with BenchPrep to Deliver Comprehensive Learning Platform". www.hrtechnologist.com. Retrieved 2020-07-02.
  18. Meghan Kelly (2011-09-02). "Back to school: Our top 5 digital education tools". Venture Beat.
  19. "Ten Early Stage Education Companies Selected for "Educations Innovators Showcase" At VC in Education Summit". Startl.org. 2010-06-04. Archived from the original on 2013-05-14. Retrieved 2013-07-23.
  20. BenchPrep (2020-01-22). "BenchPrep Wins Training Magazine Network's 2019 Learning LMS Choice Award". GlobeNewswire News Room. Retrieved 2020-02-21.
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