BenchPrep - About the company
BenchPrep is a series C company based in Chicago (United States), founded in 2009 by Ashish Rangnekar. It operates as a Learning management system empowering organizations to deliver impactful learning experiences. BenchPrep has raised $30.7M in funding from investors like New Enterprise Associates, Lightbank and Owl Ventures. The company has 5715 active competitors, including 359 funded and 317 that have exited. Its top competitors include companies like Workday, Cornerstone and People Strong.
Company Details
Learning management system empowering organizations to deliver impactful learning experiences. The platform provides solutions for certification training, exam preparation, and continuing education. It offers a comprehensive suite of products including learning technology, administrative tools, reporting and data analytics, and content management. Professional services and integrations are also available. The platform caters to associations, credentialing bodies, and training companies, supporting personalized learning paths and real-time data insights. It facilitates exam prep, practice exams, microcredentials, and more, driving revenue, program growth, and learner engagement. The system focuses on delivering value through an intuitive and engaging experience, ensuring learners are well-prepared for exams and ongoing professional development. It leverages data analytics to optimize content and provide targeted support. The platform offers features like login, request a demo, pricing, and subscription options. It is a cloud-based software solution.
- Website
- www.benchprep.com
- Social
- Email ID
- *****@benchprep.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2009
Location
Chicago, United States
Stage
Series C
Total Funding
$30.7M in 5 rounds
Latest Funding Round
Investors
Ranked
96th among 5715 active competitors
Employee Count
51 as on Mar 31, 2026
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BenchPrep's funding and investors
BenchPrep has raised a total funding of $30.7M over 5 rounds. Its first funding round was on Sep 18, 2011. BenchPrep has 6 institutional investors.
Here is the list of recent funding rounds of BenchPrep:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 08, 2025 | 2866717 | Series C | 7313457 | 2365739 | 1259749 | 8319142 |
Jan 15, 2019 | 7990040 | Venture Debt | 6977858 | 1760649 | 8986822 | 2504522 |
Jan 15, 2019 | 6781105 | Series C | 2065838 | 3421575 |
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BenchPrep's founders and board of directors
Founder? Claim ProfileThe founders of BenchPrep is Ashish Rangnekar.
Here are the details of BenchPrep's key team members:
- Ashish Rangnekar: Co-Founder & CEO of BenchPrep and founder of 2 other companies, Blixtra and BenchPrep. Contact Info: 1 email address
View details of BenchPrep's Founder profiles and Board Members
BenchPrep's employee count trend
BenchPrep has 51 employees as of Mar 26. Here is BenchPrep's employee count trend over the years:
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BenchPrep's Competitors and alternates
Top competitors of BenchPrep include Workday, Cornerstone and People Strong. Here is the list of Top 10 competitors of BenchPrep, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Workday 2005, Pleasanton (United States), Public | Developer of cloud software for human resources finance and operations | $352M | 88/100 | |
2nd |  Cornerstone 1999, Santa Monica (United States), Acquired | Provider of a platform for talent experience and workforce agility | $64.4M | 86/100 | |
3rd |  People Strong 2005, Gurugram (India), Acquired | Provider of human capital management platform offering integrated HR solutions | $30.7M | 84/100 | |
4th | Cloud-based LMS platform for multi-industry | $430M | 80/100 | ||
5th | Provider of business management software for human resources and finance | $300M | 80/100 | ||
6th |  Kronos 1977, Lowell (United States), Acquired | Provider of HCM software solutions for enterprises | $855M | 80/100 | |
7th | Provider of a platform for human resources, payroll, and finance | $574M | 79/100 | ||
8th | Provider of cloud based human resource management system and payroll software. | $47.4M | 79/100 | ||
9th | Provider of online educational resources and structured courses for exam preparation | $880M | 78/100 | ||
10th | Provider of online learning programs for kindergarten through twelfth grade | $4.6B | 78/100 | ||
96th |  BenchPrep 2009, Chicago (United States), Series C | Learning management system empowering organizations to deliver impactful learning experiences | $30.7M | 56/100 |
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BenchPrep's Investments and acquisitions
BenchPrep has made no investments or acquisitions yet.
News related to BenchPrep
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BenchPrep to Provide Best-In-Class Ecommerce Capabilities with BigCommerce PartnershipGlobeNewswire•Jan 27, 2021•BenchPrep, BigCommerce
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BenchPrep Named an Innovator in Corporate Learning by Aragon ResearchGlobeNewswire•Jul 28, 2020•BenchPrep
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BenchPrep Named 2020 “Hot Vendor in Learning” by Aragon ResearchGlobeNewswire•May 19, 2020•BenchPrep
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BenchPrep is one of the highest-scoring businesses, with standout employee engagementGlobeNewswire•May 07, 2020•BenchPrep
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AccessLex Institute Selects BenchPrep to Deliver Comprehensive, Affordable Bar Exam PrepGlobeNewswire•Apr 07, 2020•BenchPrep
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BenchPrep Named One of 2020 Best Places to Work in Chicago by Crain’s Chicago BusinessGlobeNewswire•Mar 11, 2020•BenchPrep
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