BenchPrep, a Chicago, IL-based provider of an advanced white-label online learning platform for education and training organizations, raised $20m in Series C funding.
The round was co-led by Jump Capital and Owl Ventures, with participation from previous investors NewView Capital and Revolution Ventures.
This round, which brings BenchPrep’s funding total to $28.2 million, also incorporates debt financing.
The company intends to use the funds to accelerate growth, further enhance its product offering, and extend its leadership position in the education and training industry.
Co-founded in in 2009 by Ashish Rangnekar, CEO, and Ujjwal Gupta, COO, BenchPrep provides education, training, and assessment companies with a SaaS platform to build and deliver online learning programs. The company’s innovative enterprise learner success solutions incorporate the latest in learner-centered technology, including personalization, gamification, data science, usability and omni-channel delivery.
Customers include ACT, Becker Professional Education, AAMC, CFA Institute, ProLiteracy, HR Certification Institute, Hobsons, McGraw-Hill Education, OnCourse Learning, GMAC, and Houghton Mifflin Harcourt.