What is BenchPrep?
Founded in 2009 and headquartered in Chicago, Illinois, BenchPrep provides a robust software as a service platform specifically engineered for the education industry. By digitizing complex learning materials and streamlining the delivery of educational content, the company enables organizations to provide a more engaging and effective learning experience. BenchPrep occupies a critical niche in the EdTech market, serving as a bridge between traditional educational content providers and the modern, digital-first requirements of professional certification bodies and academic institutions. Its platform is designed to handle the complexities of large-scale content delivery, making it an essential tool for enterprises looking to modernize their training and certification programs.
How much funding has BenchPrep raised?
BenchPrep has raised a total of $32.4M across 5 funding rounds:
Series A
$2.2M
Angel/Seed
$2.2M
Series B
$6M
Series C
$20M
Debt
$2M
Series A (2010): $2.2M with participation from Lightbank
Angel/Seed (2011): $2.2M led by Lightbank
Series B (2012): $6M supported by New Enterprise Associates and Lightbank
Series C (2019): $20M, investors not publicly disclosed
Debt (2020): $2M backed by PPP
Key Investors in BenchPrep
Lightbank
Lightbank is an investment firm based in Chicago, IL, focusing on funding innovative startups. The company aims to support entrepreneurs by providing capital and strategic guidance.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California, New Enterprise Associates is a venture capital firm focused on helping entrepreneurs build businesses.
PPP
Public-Private Partnership
What's next for BenchPrep?
Looking ahead, the strategic deployment of the $2M capital is expected to accelerate BenchPrep's product innovation and market expansion efforts. As the demand for flexible, scalable digital learning solutions continues to rise, the company is well-positioned to leverage its established infrastructure to capture additional market share. Future initiatives will likely focus on enhancing the platform's analytical capabilities and expanding its reach into new vertical markets. By maintaining its focus on high-impact educational outcomes, BenchPrep is poised to sustain its growth trajectory and reinforce its status as a leader in the enterprise learning software space.
See full BenchPrep company page
