PrepFE, Inc.
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PrepFE, Inc. - overview
Established
2017
Location
Santa Monica, CA, US
Primary Industry
Education/Training
About
Founded in 2017 by Damien Sutevski, and based in California, US, PrepFE, Inc. operates an educational technology company that offers various exam preparation courses for civil engineering, electrical and computer engineering, mechanical engineering, and chemical engineering. In September 2022, Edcetera, a portfolio company of Eden Capital, acquired PrepFE, Inc. The company offers a digital learning platform that helps users prepare for the NCEES Principles and Practice of Engineering (PE) exams.
The company’s mobile application includes topics for engineering fields like chemical, civil, electrical, computer, mechanical, and other disciplines. The company generates revenue by selling monthly subscription packs that vary from USD 39. 99 for 1 month, USD 59. 99 for 3 months, and USD 79.
99 for 6 months. Following the September 2022 acquisition, the company plans to make significant investments in product innovation and the provision of new educational offerings tailored to support engineers throughout their careers.
Current Investors
Edcetera
Primary Industry
Education/Training
Sub Industries
Education & Training Services, Education & Training Website, Internet
Website
www.prepfe.com
Verticals
EdTech, Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only
PrepFE, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | PrepFE, Inc. | - |
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PrepFE, Inc. - employee data
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