 The company was founded in 2001 by Avichal Garg, Karan Goel, and Joe Jewell, Stanford, University of Chicago, and Caltech students respectively.It is based in Chicago with a software engineering team in Palo Alto, California.One of the company's co-founders, Avichal Garg, a former Google product manager, raised investment capital from other former Google employees to fund PrepMe.