BenchPrep Closes $6M Venture Capital Funding

BenchPrep, a Chicago, IL-based interactive marketplace and learning platform that works across desktop, iPhone, iPad and Android devices, closed a $6m venture capital funding.

The round was led by New Enterprise Associates (NEA) with participation from Revolution Ventures.

The company intends to use the capital to develop additional courses and expand its user base.

Launched in July 2011 by Ashish Rangnekar and and Ujjwal Gupta, BenchPrep is a marketplace and learning platform for interactive courses for high school, college, professional certifications and more. The company partners with publishers such as McGraw Hill, Cengage Learning, and Princeton Review to create courses from flat educational content. It is currently used by more than 250,000 students across the web, mobile and tablet devices.

In conjunction with the funding, Peter Barris, general partner, NEA, has joined BenchPrep’s board of directors.



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