Latka logo

Valuation

$38.5M

2024 Revenue

$15M

Customers

6M

Funding

$28.2M

Avg ACV

$3

Team

67

Founded

2010

How BenchPrep CEO Ashish Rangnekar grew to $15M revenue and 6M customers in 2024.

BenchPrep offers a learner success platform to improve engagement and outcomes for learners around the globe. A recognized expert in learner success, BenchPrep partners with organizations that administer certification, credentialing, test prep, and continuing education programs to deliver customized enterprise SaaS solutions. Many of the worlds largest assessment companies use BenchPrep's platform to provide a personalized, omni-channel learning experience to their own users within a single ecosystem. By leveraging the power of technology, data, UX expertise, and innovative instructional design, BenchPrep has helped to make learning more effective, efficient, and enjoyable for more than 3 million learners worldwide.

Last updated

BenchPrep Revenue

In 2024, BenchPrep's revenue reached $15M. The company previously reported $12.8M in 2020. Since its launch in 2010, BenchPrep has shown consistent revenue growth.

BenchPrep Revenue GrowthReported revenue / ARR over time$0$4M$8M$12M$16M20102012201420162018202020222024$0$12.8M$15MSource: GetLatka.com
YearMilestoneQuote
2024BenchPrep Hit $15m revenue in June 2024
2020BenchPrep Hit $12.8m revenue in August 2020
2010Launched with $0 revenue

BenchPrep Valuation, Funding Rounds

BenchPrep's most recent disclosed valuation is $38.5M.

BenchPrep has raised $28.2M in total funding across 3 rounds, most recently a $20M Series C round in 2019.

BenchPrep Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$6M$12M$18M$24M$30M201020122014201620182019$28.2MSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2019Series C$20M--
2012Series B$6M--
2010Series A$2.2M--

Founders

Ashish Rangnekar

CEO

Ashish Rangnekar is listed as CEO at BenchPrep.

Ujjwal Gupta

Cofounder & CPO

Ujjwal Gupta is listed as Cofounder & CPO at BenchPrep.

Nickolay Schwarz

Chief Technology Officer

Nickolay Schwarz is listed as Chief Technology Officer at BenchPrep.

Q&A

QuestionAnswer
What's your age?-
Favorite online tool?-
Favorite book?-
Favorite CEO?-
Advice for 20 year old self-

Customers

BenchPrep serves 6M customers.

BenchPrep Employees & Team Size

BenchPrep employs approximately 67 people as of 2026, down from 77 in 2023, including 22 sales reps that carry a quota. It serves 6M customers that rely on its solutions.

BenchPrep Team GrowthReported headcount over time030609012015020102012201420162018202020222024006767Source: GetLatka.com
YearMilestone
2024Reached 67 employees (December 2024)
2024Reached 69 employees (October 2024)
2023Reached 77 employees (September 2023)
2023Reached 78 employees (January 2023)
2022Reached 84 employees (January 2022)
2021Reached 101 employees (August 2021)
2020Reached 138 employees (December 2020)
2020Reached 108 employees (June 2020)
2019Reached 106 employees (December 2019)
2018Reached 65 employees (December 2018)

Frequently Asked Questions about BenchPrep

What is BenchPrep's revenue?

BenchPrep generates an estimated $15M in annual revenue.

Who founded BenchPrep?

BenchPrep was founded by Ujjwal Gupta.

Who is the CEO of BenchPrep?

The CEO of BenchPrep is Ashish Rangnekar.

How much funding does BenchPrep have?

BenchPrep raised $28.2M across 3 rounds.

How many employees does BenchPrep have?

BenchPrep has 67 employees.

Where is BenchPrep headquarters?

BenchPrep is headquartered in Chicago, Illinois, United States.

Compare BenchPrep to the industry

BenchPrep operates across multiple industries. Browse revenue, funding, and growth data for BenchPrep in each sector below.

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

Claim this profile

People Also Viewed

Paligo logo

Paligo

Paligo, headquartered in Sweden and founded in 2020, is a Component Content Management System (CCMS) that enables enterprise technical writers to create, reuse, and publish structured documentation across 30-plus integration points, including Zendesk and Intercom. The company is led by CEO Rahul Yadav, who joined in December 2025 after serving as CTO at Milestone Systems (Canon Group) and Chief Technology and Digital Officer at TV2 Denmark. The original co-founders, Anas and Frank, remain involved as a board member and an engineering architect, respectively. Ownership is split roughly equally among the founder group, Stockholm-based B2B SaaS private equity firm Alvin and Rickson, and Grow Capital from Copenhagen, which led a $29M Series A in April 2023. Paligo grew from $2.2M in revenue in 2020 to $11.3M in 2024, then added another 11% to reach $12.5M in 2025. The company serves approximately 500 enterprise customers across 38 countries, with deal sizes ranging from $25K to $150K per year. As of the latest data, Paligo has 90 employees and a valuation of $37.5M. Yadav is targeting 18 to 20% ARR growth in 2026, with significantly higher ambitions for 2027 and beyond. The single most important strategic inflection point is Paligo's pivot from a structured authoring tool to what Yadav calls an AI-native structured truth platform. The company has accumulated more than 3 billion governed, semantically rich words and approximately 1.5 million reusable content components in DocBook XML, which Yadav argues is the largest such dataset in regulated industries like medtech and manufacturing. Rather than bolting AI features onto its existing product, Paligo is building end-to-end ingestion-to-consumption infrastructure designed to ground enterprise AI agents in verified structured content, a category Yadav says no competitor has yet defined.

Mphasis Wyde logo

Mphasis Wyde

Since its inception in 1997, Wyde, an Mphasis Company, has been a leading international software vendor and is the creator of Wynsure, a professional Insurance Policy Administration Solution. Headquartered in Bloomington, Minnesota, USA, with offices in Canada, a modern Research & Development Center in Paris, France, and Delivery Centers of Excellence in both Poland and India. Wyde has developed and deployed Wynsure, a proven software platform, at many of the leading insurance carriers in North America and Europe. Wynsure is a multi-language, multi-currency, easily configurable software product that offers policy administration, claims and billing solutions focused on the Group Benefits market. Wynsure can be deployed for one or multiple lines of business as a complete end-to-end solution, as functional components specific to current business challenges such as bill or as a SaaS offering. Our success is driven by our core strategic values: - Excellence in our technology and expertise - Customer Centric solution design to anticipate market trends - Continued Investment in product development and R&D - Innovation and our solution’s capacity to quickly evolve to meet your needs

Smartfrog & Canary logo

Smartfrog & Canary

Smartfrog is a camera that lets users see what's happening in any place, at any time.

token logo

token

Developer of an open banking platform intended to offer a crypto-payment network and API ecosystem designed for the digital era. The company's platform offers an alternative to today's traditional and digital payment systems by offering a flexible digital transaction management environment to establish PSD2 compliance, generate new revenues and valuable customer profiling data, heighten digital payment security and eliminate fintech disintermediation, enabling banks to quickly and cost effectively comply with the directive before the deadline and monetise their investment in PSD2.

Red Cat Holdings logo

Red Cat Holdings

Red Cat is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative solutions and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots needed to become compliant with regulators. Red Cat's success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place.

Ecosystems.io logo

Ecosystems.io

Unlocking Potential, Powering Progress: Vivienne AI - Where Innovation Meets Intelligence!

BenchPrep Revenue 2024: $15M ARR, $38.5M Valuation