Proprep

Company Overview

Snapshot

Founded in January 2008 by Itay Koppel, Guy Salomon, and Simi Efrati, Proprep operates with 11–50 employees. The company has raised $28.44 million across three funding rounds. Proprep became publicly traded on the TASE in February 2021.

Business overview

Proprep is an education technology company that develops video content and study guides for science, technology, engineering, and mathematics (STEM) subjects. Its core technology customizes courses to meet the specific needs of university students and institutions of higher education. Operating globally under brands like Gool in Israel and Proprep in the United States and United Kingdom, the company serves the education and knowledge technologies sector, specifically targeting higher education and consumers with its learning/self-learning applications and web platforms.

Strategic signal

In March 2021, Proprep (operating as Kvasir Education) was highlighted for its preparedness and growth during the shift to blended learning, particularly in higher education. The company's online learning resources, including customized video tutorials, proved effective in improving learning outcomes. This signals Proprep's strong positioning to capitalize on the ongoing integration of digital tools in education, demonstrating its adaptability and relevance in a post-pandemic academic landscape.

Company Intelligence Q&A

When did Proprep become a public company?

Proprep, under the name Kvasir Education, became publicly traded on the TASE in February 2021. The company raised approximately 75 million shekels (around $23 million) at a valuation of about 275 million shekels (around $84 million) through its initial public offering.

What was a significant partnership for Proprep in 2019?

In May 2019, Proprep partnered with Ambassador Education Solutions to exclusively distribute its STEM video content and study guides for career schools in the United States. This collaboration aimed to broaden access to specialized content and enhance learning outcomes for students.

What recognition did Proprep receive in June 2019?

In June 2019, Proprep won the international startup competition at the Israel Education Summit, being recognized as the most innovative and disruptive startup among over 50 companies. The company received prizes including Amazon Web Service credits and memberships to further its mission of improving student success in STEM.

How did Proprep adapt to the shift towards blended learning?

In March 2021, Proprep was noted for its effective adaptation to the blended learning environment, particularly during the COVID-19 pandemic. The company made its online resources available for free to students and partnered with 25 student unions in the UK, leveraging its customized video tutorials and study tools to enhance education.

What was the financial analysis update for Kvasir Education in March 2022?

In March 2022, MarketScreener published an analysis update for Kvasir Education (Proprep) following its financial report.