Benchmark Backs Grockit

Grockit Inc., a San Francisco-based online test prep school, has secured $2.3 million of a $2.7 million Series A round, according to a regulatory filing. Benchmark Capital led the deal, with Mitch Lasky taking a board seat. Grockit founder Farbood Nivi has been teaching exam prep for Kaplan since 1998, and was even named Teacher of the Year by The Princeton Review in 2002. Grockit will provide a cheaper alternative for test takers, who will be taught via WebEx. http://gmat.grockit.com