When was PREP founded?

PREP was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is PREP located?

PREP is headquartered in Singapore, Singapore.

How many employees does PREP have?

As of Jun 30, 2026, the latest employee count at PREP is 227.

Is PREP a funded company?

PREP is a funded company, having raised a total of $9M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 22, 2022.

When was the latest funding round of PREP?

PREP's latest funding was a $***** Series A round on Apr 26, 2024, with participation from 5 investors.

Where does PREP rank among its competitors?

PREP ranks 5th amongst 3085 active competitors, of which 115 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Lucida AI, which secured $1.6M in Jun, 2026.

Who are the top competitors of PREP?

PREP's top competitors include Duolingo, Babbel and Rosetta Stone. Among them, Lucida AI secured the most recent funding round in June, 2026.

PREP - 2026 Company Profile, Funding & Competitors

PREP is a series A company based in Singapore (Singapore), founded in 2020. It operates as a Provider of a test preparation platform. PREP has raised $9M in funding from investors like Cercano Management, East Ventures and Northstar Ventures. The company has 3085 active competitors, including 115 funded and 50 that have exited. Its top competitors include companies like Duolingo, Babbel and Rosetta Stone.

Company Details

Provider of a test preparation platform. It provides video lectures, sample papers, exercises, and mini tests for preparing for exams such as IELTS, TOEIC, and more. Its mobile app is available for both the ios and android platforms.

Website: prepedu.com/en/
Social
Email ID: *****@prep.vn
Phone Number: +84 **********

Key Metrics

Founded Year

2020

Location

Singapore, Singapore

Stage

Series A

Total Funding

$9M in 3 rounds

Latest Funding Round

Series A, Apr 26, 2024, $*****

Investors

Cercano Management & 4 more

Ranked

5^th among 3085 active competitors

Employee Count

227 as on Jun 30, 2026

Similar Companies

Lucida AI & 1436 more

View PREP's full profile

PREP has raised a total funding of $9M over 3 rounds. Its first funding round was on Aug 22, 2022. Its latest funding round was a Series A round on Apr 26, 2024 for $*****. 5 investors participated in its latest round. PREP has 5 institutional investors.

Here is the list of recent funding rounds of PREP:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 26, 2024	9449204	Series A	2183067	8213531	5894088	6937057
Apr 05, 2023	7335920	Seed	5739541	8779583	4954085	2568615
Aug 22, 2022	1123713	Seed	8326382	9647792	4068572	Touchstone

Access funding benchmarks and valuations. Sign up today!

View details of PREP's funding rounds and investors

PREP's employee count trend

PREP has 227 employees as of Jun 26. Here is PREP's employee count trend over the years:

Uncover PREP's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of PREP include Duolingo, Babbel and Rosetta Stone. Here is the list of Top 10 competitors of PREP, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Duolingo 2011, Pittsburgh (United States), Public	Developer of a platform providing gamified language learning courses	$183M	CapitalG, Durable Capital Partners & 20 others	87/100
2nd	Babbel 2007, Berlin (Germany), Series C	Provider of SaaS-based language learning solutions	$34.2M	REV, Kizoo & 5 others	76/100
3rd	Rosetta Stone 1992, Arlington (United States), Acquired	Provider of speech-recognition based language learning software solution	$62M	White Hat Capital Partners, ABS Capital & 3 others	75/100
4th	NovaKid 2017, San Francisco (United States), Series B	Online tutoring platform providing English lessons to kids	$41.4M	BonAngels Venture Partners, Owl Ventures & 7 others	70/100
5th	PREP 2020, Singapore (Singapore), Series A	Provider of a test preparation platform	$9M	Saison Capital, East Ventures & 3 others	64/100
6th	SpeakX 2019, Delhi (India), Series A	AI-powered english speaking and language learning platform	$23.3M	WestBridge Capital, India Quotient & 19 others	62/100
7th	SpeakBUDDY 2013, Chuo (Japan), Seed	AI-based English language learning solutions	$10.7M	Mitsubishi UFJ Capital, Global Brain & 3 others	62/100
8th	Lingopanda 2021, Bengaluru (India), Seed	Developer of mobile applications for practicing foreign language speaking skills	$1.18M	Titan Capital, AVNM Ventures & 25 others	60/100
9th	Lingvist 2013, Tallinn (Estonia), Series A	SaaS and app-based platform offering data-driven adaptive language learning solutions	$16.1M	Rakuten Capital, Rubio impact Ventures & 18 others	60/100
10th	Lucida AI 2024, Istanbul (Turkey), Seed	AI-powered platform for personalized English-speaking coaching	$8.25M	Bogazici Ventures, Neo Portfoy & 6 others	60/100